Elevate48
Call Martin

Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$346,328$346,328$1,215,000
Remaining term (yrs)0.50.530.0
Secondary amount$0$868,672$0
Funding fee$0$0$0
Note rate6.11%6.11%7.18%
Blended rate6.66%7.439%7.42%
1st payment$50,488.24$50,488.24$8,230.83
2nd payment$0.00$5,610.17$0.00
Taxes / mo$535.17$535.17$535.17
Insurance / mo$216.67$216.67$216.67
MI / mo$268.71$268.71$243.00
HOA / mo$261.00$261.00$261.00
Total monthly$51,769.79$57,379.96$9,486.67
Cash to close$1,003,672$135,000$135,000