Elevate48
Call Martin

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$508,909$508,909$512,991
Remaining term (yrs)28.028.030.0
Secondary amount$0$32,582$0
Funding fee$0$0$0
Note rate6.5%6.5%7.18%
Blended rate7.05%7.34%7.42%
1st payment$3,289.28$3,289.28$3,475.18
2nd payment$0.00$322.42$0.00
Taxes / mo$243.25$243.25$243.25
Insurance / mo$166.67$166.67$166.67
MI / mo$238.52$238.52$102.60
HOA / mo$90.00$90.00$90.00
Total monthly$4,027.71$4,350.13$4,077.69
Cash to close$61,081$28,500$56,999