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$20,076$20,076$319,050
Remaining term (yrs)29.529.530.0
Secondary amount$0$298,974$0
Funding fee$0$0$0
Note rate6.11%6.11%7.18%
Blended rate6.66%7.681%7.42%
1st payment$122.39$122.39$2,161.36
2nd payment$0.00$1,930.88$0.00
Taxes / mo$113.67$113.67$113.67
Insurance / mo$150.00$150.00$150.00
MI / mo$9.25$9.25$63.81
HOA / mo$0.00$0.00$0.00
Total monthly$395.30$2,326.18$2,488.83
Cash to close$334,424$35,450$35,450