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$278,690$278,690$341,910
Remaining term (yrs)26.426.430.0
Secondary amount$0$63,220$0
Funding fee$0$0$0
Note rate6.26%6.26%7.18%
Blended rate6.81%7.215%7.42%
1st payment$1,797.45$1,797.45$2,316.22
2nd payment$0.00$474.15$0.00
Taxes / mo$89.83$89.83$89.83
Insurance / mo$150.00$150.00$150.00
MI / mo$133.66$133.66$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,170.94$2,645.10$2,624.43
Cash to close$101,210$37,990$37,990