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$528,963$528,963$989,100
Remaining term (yrs)29.229.230.0
Secondary amount$0$460,137$0
Funding fee$0$0$0
Note rate6.5%6.5%7.18%
Blended rate7.05%7.376%7.42%
1st payment$3,371.44$3,371.44$6,700.51
2nd payment$0.00$2,971.72$0.00
Taxes / mo$29.83$29.83$29.83
Insurance / mo$216.67$216.67$216.67
MI / mo$244.47$244.47$197.82
HOA / mo$195.00$195.00$195.00
Total monthly$4,057.41$7,029.13$7,339.83
Cash to close$570,037$109,900$109,900