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$7,324$7,324$371,700
Remaining term (yrs)24.624.630.0
Secondary amount$0$364,376$0
Funding fee$0$0$0
Note rate6.23%6.23%7.18%
Blended rate6.78%7.731%7.42%
1st payment$48.49$48.49$2,518.03
2nd payment$0.00$2,353.26$0.00
Taxes / mo$136.08$136.08$136.08
Insurance / mo$150.00$150.00$150.00
MI / mo$3.38$3.38$74.34
HOA / mo$0.00$0.00$0.00
Total monthly$337.95$2,691.22$2,878.45
Cash to close$405,676$41,300$41,300