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$45,023$45,023$427,500
Remaining term (yrs)20.220.230.0
Secondary amount$0$382,477$0
Funding fee$0$0$0
Note rate4.03%4.03%7.18%
Blended rate4.88%7.448%7.42%
1st payment$270.63$270.63$2,896.03
2nd payment$0.00$2,470.16$0.00
Taxes / mo$106.92$106.92$106.92
Insurance / mo$166.67$166.67$166.67
MI / mo$40.01$40.01$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$584.22$3,054.38$3,255.12
Cash to close$429,977$47,500$47,500