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$394,135$394,135$575,550
Remaining term (yrs)28.228.230.0
Secondary amount$0$181,415$0
Funding fee$0$0$0
Note rate6.69%6.69%7.18%
Blended rate7.24%7.48%7.42%
1st payment$2,590.78$2,590.78$3,898.98
2nd payment$0.00$1,209.44$0.00
Taxes / mo$148.25$148.25$148.25
Insurance / mo$166.67$166.67$166.67
MI / mo$184.21$184.21$115.11
HOA / mo$0.00$0.00$0.00
Total monthly$3,089.91$4,299.35$4,329.00
Cash to close$245,365$63,950$63,950