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$72,425$72,425$319,491
Remaining term (yrs)11.611.630.0
Secondary amount$0$247,066$0
Funding fee$0$0$0
Note rate6.38%6.38%7.18%
Blended rate7.23%7.632%7.42%
1st payment$731.32$731.32$2,164.34
2nd payment$0.00$1,595.64$0.00
Taxes / mo$119.33$119.33$119.33
Insurance / mo$150.00$150.00$150.00
MI / mo$82.99$82.99$63.90
HOA / mo$73.00$73.00$73.00
Total monthly$1,156.64$2,752.27$2,570.57
Cash to close$282,565$35,499$35,499