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$28,113$28,113$322,200
Remaining term (yrs)22.022.030.0
Secondary amount$0$294,087$0
Funding fee$0$0$0
Note rate5.66%5.66%7.18%
Blended rate6.51%7.642%7.42%
1st payment$186.07$186.07$2,182.70
2nd payment$0.00$1,899.31$0.00
Taxes / mo$207.33$207.33$207.33
Insurance / mo$150.00$150.00$150.00
MI / mo$21.51$21.51$64.44
HOA / mo$125.00$125.00$125.00
Total monthly$689.91$2,589.22$2,729.47
Cash to close$329,887$35,800$35,800