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$361,386$361,386$508,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$147,114$0
Funding fee$0$0$0
Note rate6.11%6.11%7.18%
Blended rate6.96%7.261%7.42%
1st payment$2,311.62$2,311.62$3,444.76
2nd payment$0.00$980.76$0.00
Taxes / mo$200.67$200.67$200.67
Insurance / mo$166.67$166.67$166.67
MI / mo$269.91$269.91$101.70
HOA / mo$68.00$68.00$68.00
Total monthly$3,016.87$3,997.63$3,981.79
Cash to close$203,614$56,500$56,500