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$10,010$10,010$517,500
Remaining term (yrs)4.94.930.0
Secondary amount$0$507,490$0
Funding fee$0$0$0
Note rate6.91%6.91%7.18%
Blended rate7.76%7.75%7.42%
1st payment$197.78$197.78$3,505.73
2nd payment$0.00$3,277.54$0.00
Taxes / mo$93.92$93.92$93.92
Insurance / mo$166.67$166.67$166.67
MI / mo$21.25$21.25$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$479.61$3,757.16$3,869.81
Cash to close$564,990$57,500$57,500