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$250,420$250,420$449,910
Remaining term (yrs)28.528.530.0
Secondary amount$0$199,490$0
Funding fee$0$0$0
Note rate6.67%6.67%7.18%
Blended rate7.22%7.566%7.42%
1st payment$1,636.37$1,636.37$3,047.85
2nd payment$0.00$1,329.93$0.00
Taxes / mo$174.67$174.67$174.67
Insurance / mo$166.67$166.67$166.67
MI / mo$116.59$116.59$89.98
HOA / mo$137.00$137.00$137.00
Total monthly$2,231.29$3,561.22$3,616.16
Cash to close$249,480$49,990$49,990