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$428,721$428,721$540,000
Remaining term (yrs)27.227.230.0
Secondary amount$0$111,279$0
Funding fee$0$0$0
Note rate6.82%6.82%7.18%
Blended rate7.37%7.5%7.42%
1st payment$2,886.41$2,886.41$3,658.15
2nd payment$0.00$741.86$0.00
Taxes / mo$214.42$214.42$214.42
Insurance / mo$166.67$166.67$166.67
MI / mo$202.51$202.51$108.00
HOA / mo$300.00$300.00$300.00
Total monthly$3,770.01$4,511.87$4,447.23
Cash to close$171,279$60,000$60,000