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$109,735$109,735$315,000
Remaining term (yrs)37.537.530.0
Secondary amount$0$205,265$0
Funding fee$0$0$0
Note rate6.9%6.9%7.18%
Blended rate7.45%7.645%7.42%
1st payment$682.39$682.39$2,133.92
2nd payment$0.00$1,325.67$0.00
Taxes / mo$118.67$118.67$118.67
Insurance / mo$150.00$150.00$150.00
MI / mo$50.92$50.92$63.00
HOA / mo$86.67$86.67$86.67
Total monthly$1,088.65$2,414.31$2,552.26
Cash to close$240,265$35,000$35,000