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$7,665$7,665$422,910
Remaining term (yrs)26.626.630.0
Secondary amount$0$415,245$0
Funding fee$0$0$0
Note rate6.81%6.81%7.18%
Blended rate7.36%7.743%7.42%
1st payment$51.94$51.94$2,864.94
2nd payment$0.00$2,681.79$0.00
Taxes / mo$137.42$137.42$137.42
Insurance / mo$166.67$166.67$166.67
MI / mo$3.57$3.57$84.58
HOA / mo$51.00$51.00$51.00
Total monthly$410.60$3,092.39$3,304.60
Cash to close$462,235$46,990$46,990