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$244,296$244,296$260,999
Remaining term (yrs)27.827.830.0
Secondary amount$0$31,204$0
Funding fee$0$0$0
Note rate6.47%6.47%7.18%
Blended rate7.02%7.57%7.42%
1st payment$1,577.58$1,577.58$1,768.10
2nd payment$0.00$308.78$0.00
Taxes / mo$7.00$7.00$7.00
Insurance / mo$150.00$150.00$150.00
MI / mo$114.75$114.75$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,849.33$2,158.12$1,977.30
Cash to close$45,703$14,500$29,000