Elevate48
Call Martin

Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$428,981$428,981$439,200
Remaining term (yrs)27.327.330.0
Secondary amount$0$34,619$0
Funding fee$0$0$0
Note rate6.74%6.74%7.18%
Blended rate7.29%7.632%7.42%
1st payment$2,862.89$2,862.89$2,975.29
2nd payment$0.00$342.58$0.00
Taxes / mo$96.67$96.67$96.67
Insurance / mo$166.67$166.67$166.67
MI / mo$202.51$202.51$87.84
HOA / mo$0.00$0.00$0.00
Total monthly$3,328.74$3,671.32$3,326.47
Cash to close$59,019$24,400$48,800