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$13,324$13,324$360,000
Remaining term (yrs)37.637.630.0
Secondary amount$0$346,676$0
Funding fee$0$0$0
Note rate7.22%7.22%7.18%
Blended rate7.77%7.751%7.42%
1st payment$85.84$85.84$2,438.77
2nd payment$0.00$2,238.95$0.00
Taxes / mo$166.33$166.33$166.33
Insurance / mo$150.00$150.00$150.00
MI / mo$6.17$6.17$72.00
HOA / mo$75.00$75.00$75.00
Total monthly$483.34$2,722.29$2,902.10
Cash to close$386,676$40,000$40,000