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$162,634$162,634$656,100
Remaining term (yrs)12.812.830.0
Secondary amount$0$493,466$0
Funding fee$0$0$0
Note rate5.25%5.25%7.18%
Blended rate6.1%7.341%7.42%
1st payment$1,447.13$1,447.13$4,444.65
2nd payment$0.00$3,186.97$0.00
Taxes / mo$265.75$265.75$265.75
Insurance / mo$216.67$216.67$216.67
MI / mo$185.63$185.63$131.22
HOA / mo$143.00$143.00$143.00
Total monthly$2,258.17$5,445.14$5,201.29
Cash to close$566,366$72,900$72,900