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$50,631$50,631$330,300
Remaining term (yrs)13.713.730.0
Secondary amount$0$279,669$0
Funding fee$0$0$0
Note rate4.74%4.74%7.18%
Blended rate5.59%7.419%7.42%
1st payment$416.43$416.43$2,237.57
2nd payment$0.00$1,806.19$0.00
Taxes / mo$97.50$97.50$97.50
Insurance / mo$150.00$150.00$150.00
MI / mo$56.61$56.61$66.06
HOA / mo$86.33$86.33$86.33
Total monthly$806.88$2,613.07$2,637.46
Cash to close$316,369$36,700$36,700