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$304,630$304,630$373,500
Remaining term (yrs)27.127.130.0
Secondary amount$0$68,870$0
Funding fee$0$0$0
Note rate7.62%7.62%7.18%
Blended rate8.17%8.323%7.42%
1st payment$2,215.81$2,215.81$2,530.22
2nd payment$0.00$516.53$0.00
Taxes / mo$178.08$178.08$178.08
Insurance / mo$150.00$150.00$150.00
MI / mo$143.56$143.56$74.70
HOA / mo$150.00$150.00$150.00
Total monthly$2,837.45$3,353.98$3,083.00
Cash to close$110,370$41,500$41,500