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
Current Market Conventional
New · Conventional
Loan amount$494,328$480,600
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6%7.18%
Blended rate6.55%7.42%
1st payment$2,981.78$3,255.75
2nd payment$0.00$0.00
Taxes / mo$229.75$229.75
Insurance / mo$166.67$166.67
MI / mo$227.95$96.12
HOA / mo$103.33$103.33
Total monthly$3,709.47$3,851.62
Cash to close$39,672$53,400