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$270,780$270,780$347,400
Remaining term (yrs)29.029.030.0
Secondary amount$0$76,620$0
Funding fee$0$0$0
Note rate6.26%6.26%7.18%
Blended rate6.81%7.293%7.42%
1st payment$1,687.04$1,687.04$2,353.41
2nd payment$0.00$574.65$0.00
Taxes / mo$104.50$104.50$104.50
Insurance / mo$150.00$150.00$150.00
MI / mo$125.45$125.45$69.48
HOA / mo$49.00$49.00$49.00
Total monthly$2,115.99$2,690.64$2,726.39
Cash to close$115,220$38,600$38,600