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$335,533$335,533$359,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$43,517$0
Funding fee$0$0$0
Note rate3.07%3.07%7.18%
Blended rate3.92%4.833%7.42%
1st payment$1,592.83$1,592.83$2,432.67
2nd payment$0.00$430.63$0.00
Taxes / mo$115.92$115.92$115.92
Insurance / mo$150.00$150.00$150.00
MI / mo$265.23$265.23$71.82
HOA / mo$60.00$60.00$60.00
Total monthly$2,183.97$2,614.60$2,830.41
Cash to close$63,467$19,950$39,900