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$351,146$351,146$423,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$71,854$0
Funding fee$0$0$0
Note rate6.5%6.5%7.18%
Blended rate7.05%7.381%7.42%
1st payment$2,238.09$2,238.09$2,865.55
2nd payment$0.00$538.91$0.00
Taxes / mo$165.25$165.25$165.25
Insurance / mo$166.67$166.67$166.67
MI / mo$162.29$162.29$84.60
HOA / mo$310.00$310.00$310.00
Total monthly$3,042.30$3,581.20$3,592.07
Cash to close$118,854$47,000$47,000