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$508,377$508,377$526,050
Remaining term (yrs)27.927.930.0
Secondary amount$0$46,898$0
Funding fee$0$0$0
Note rate6.5%6.5%7.18%
Blended rate7.05%7.458%7.42%
1st payment$3,289.28$3,289.28$3,563.65
2nd payment$0.00$464.09$0.00
Taxes / mo$196.75$196.75$196.75
Insurance / mo$166.67$166.67$166.67
MI / mo$238.52$238.52$105.21
HOA / mo$37.50$37.50$37.50
Total monthly$3,928.72$4,392.81$4,069.77
Cash to close$76,123$29,225$58,450