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$73,960$73,960$360,000
Remaining term (yrs)15.915.930.0
Secondary amount$0$286,040$0
Funding fee$0$0$0
Note rate3.55%3.55%7.18%
Blended rate4.4%7.062%7.42%
1st payment$505.46$505.46$2,438.77
2nd payment$0.00$1,847.34$0.00
Taxes / mo$80.33$80.33$80.33
Insurance / mo$150.00$150.00$150.00
MI / mo$79.24$79.24$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$815.04$2,662.38$2,741.10
Cash to close$326,040$40,000$40,000