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$362,305$362,305$382,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$41,445$0
Funding fee$0$0$0
Note rate4.65%4.65%7.18%
Blended rate5.5%6.154%7.42%
1st payment$2,009.97$2,009.97$2,591.19
2nd payment$0.00$410.13$0.00
Taxes / mo$104.50$104.50$104.50
Insurance / mo$150.00$150.00$150.00
MI / mo$276.11$276.11$76.50
HOA / mo$59.58$59.58$59.58
Total monthly$2,600.16$3,010.30$2,981.77
Cash to close$62,695$21,250$42,500