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$335,617$335,617$360,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$44,383$0
Funding fee$0$0$0
Note rate6.79%6.79%7.18%
Blended rate7.34%7.87%7.42%
1st payment$2,270.09$2,270.09$2,438.77
2nd payment$0.00$439.21$0.00
Taxes / mo$42.50$42.50$42.50
Insurance / mo$150.00$150.00$150.00
MI / mo$159.76$159.76$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,622.36$3,061.56$2,703.27
Cash to close$64,383$20,000$40,000