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$0$0$488,800
Remaining term (yrs)——30.0
Secondary amount$0$488,800$0
Funding fee$0$0$0
Note rate0%0%7.18%
Blended rate0.85%7.75%7.42%
1st payment$0.00$0.00$3,311.30
2nd payment$0.00$3,156.83$0.00
Taxes / mo$18.00$18.00$18.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.76
HOA / mo$108.00$108.00$108.00
Total monthly$292.67$3,449.50$3,701.73
Cash to close$543,111$54,311$54,311