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$509,148$509,148$539,100
Remaining term (yrs)26.826.830.0
Secondary amount$0$29,952$0
Funding fee$0$0$0
Note rate6.81%6.81%7.18%
Blended rate7.36%7.451%7.42%
1st payment$3,442.90$3,442.90$3,652.05
2nd payment$0.00$224.64$0.00
Taxes / mo$89.00$89.00$89.00
Insurance / mo$166.67$166.67$166.67
MI / mo$241.80$241.80$107.82
HOA / mo$260.00$260.00$260.00
Total monthly$4,200.37$4,425.00$4,275.54
Cash to close$89,852$59,900$59,900