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$153,180$153,180$531,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$377,820$0
Funding fee$0$0$0
Note rate6.58%6.58%7.18%
Blended rate7.43%7.658%7.42%
1st payment$1,021.37$1,021.37$3,597.18
2nd payment$0.00$2,440.09$0.00
Taxes / mo$185.08$185.08$185.08
Insurance / mo$166.67$166.67$166.67
MI / mo$113.51$113.51$106.20
HOA / mo$64.75$64.75$64.75
Total monthly$1,551.39$3,991.48$4,119.88
Cash to close$436,820$59,000$59,000