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$428,208$428,208$539,910
Remaining term (yrs)27.227.230.0
Secondary amount$0$111,702$0
Funding fee$0$0$0
Note rate6.61%6.61%7.18%
Blended rate7.16%7.334%7.42%
1st payment$2,824.83$2,824.83$3,657.54
2nd payment$0.00$744.68$0.00
Taxes / mo$214.42$214.42$214.42
Insurance / mo$166.67$166.67$166.67
MI / mo$202.51$202.51$107.98
HOA / mo$300.00$300.00$300.00
Total monthly$3,708.42$4,453.10$4,446.60
Cash to close$171,692$59,990$59,990