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$392,446$392,446$414,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$44,554$0
Funding fee$0$0$0
Note rate4.17%4.17%7.18%
Blended rate5.02%5.719%7.42%
1st payment$2,081.22$2,081.22$2,804.58
2nd payment$0.00$440.90$0.00
Taxes / mo$85.92$85.92$85.92
Insurance / mo$166.67$166.67$166.67
MI / mo$302.54$302.54$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,636.35$3,077.25$3,139.96
Cash to close$67,554$23,000$46,000