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$312,616$312,616$378,899
Remaining term (yrs)26.126.130.0
Secondary amount$0$66,283$0
Funding fee$0$0$0
Note rate6.95%6.95%7.18%
Blended rate7.8%8.01%7.42%
1st payment$2,161.02$2,161.02$2,566.79
2nd payment$0.00$497.12$0.00
Taxes / mo$76.75$76.75$76.75
Insurance / mo$150.00$150.00$150.00
MI / mo$231.25$231.25$75.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,619.02$3,116.14$2,869.32
Cash to close$108,383$42,100$42,100