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$490,061$490,061$616,500
Remaining term (yrs)27.227.230.0
Secondary amount$0$126,439$0
Funding fee$0$0$0
Note rate6.61%6.61%7.18%
Blended rate7.16%7.332%7.42%
1st payment$3,232.86$3,232.86$4,176.39
2nd payment$0.00$842.93$0.00
Taxes / mo$166.42$166.42$166.42
Insurance / mo$166.67$166.67$166.67
MI / mo$231.77$231.77$123.30
HOA / mo$60.00$60.00$60.00
Total monthly$3,857.71$4,700.64$4,692.77
Cash to close$194,939$68,500$68,500