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$302,980$302,980$328,500
Remaining term (yrs)27.727.730.0
Secondary amount$0$25,520$0
Funding fee$0$0$0
Note rate7.22%7.22%7.18%
Blended rate7.77%7.866%7.42%
1st payment$2,107.08$2,107.08$2,225.37
2nd payment$0.00$191.40$0.00
Taxes / mo$229.25$229.25$229.25
Insurance / mo$150.00$150.00$150.00
MI / mo$141.99$141.99$65.70
HOA / mo$60.00$60.00$60.00
Total monthly$2,688.32$2,879.72$2,730.32
Cash to close$62,020$36,500$36,500