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$509,095$509,095$719,998
Remaining term (yrs)27.727.730.0
Secondary amount$0$210,903$0
Funding fee$0$0$0
Note rate6.95%6.95%7.18%
Blended rate7.5%7.573%7.42%
1st payment$3,449.83$3,449.83$4,877.52
2nd payment$0.00$1,362.08$0.00
Taxes / mo$400.83$400.83$400.83
Insurance / mo$216.67$216.67$216.67
MI / mo$238.87$238.87$144.00
HOA / mo$107.00$107.00$107.00
Total monthly$4,413.19$5,775.28$5,746.02
Cash to close$290,903$80,000$80,000