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$254,628$254,628$350,100
Remaining term (yrs)28.328.330.0
Secondary amount$0$95,472$0
Funding fee$0$0$0
Note rate6.91%6.91%7.18%
Blended rate7.46%7.88%7.42%
1st payment$1,707.20$1,707.20$2,371.70
2nd payment$0.00$716.04$0.00
Taxes / mo$110.83$110.83$110.83
Insurance / mo$150.00$150.00$150.00
MI / mo$118.69$118.69$70.02
HOA / mo$70.00$70.00$70.00
Total monthly$2,156.72$2,872.76$2,772.55
Cash to close$134,372$38,900$38,900