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$2,240$2,240$405,000
Remaining term (yrs)0.30.330.0
Secondary amount$0$402,760$0
Funding fee$0$0$0
Note rate7.74%7.74%7.18%
Blended rate8.59%7.755%7.42%
1st payment$456.66$456.66$2,743.61
2nd payment$0.00$2,601.16$0.00
Taxes / mo$155.33$155.33$155.33
Insurance / mo$150.00$150.00$150.00
MI / mo$45.19$45.19$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$807.19$3,408.35$3,129.94
Cash to close$447,760$45,000$45,000