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$382,900$382,900$409,500
Remaining term (yrs)27.627.630.0
Secondary amount$0$26,600$0
Funding fee$0$0$0
Note rate6.94%6.94%7.18%
Blended rate7.49%7.588%7.42%
1st payment$2,597.31$2,597.31$2,774.10
2nd payment$0.00$199.50$0.00
Taxes / mo$94.25$94.25$94.25
Insurance / mo$166.67$166.67$166.67
MI / mo$180.02$180.02$81.90
HOA / mo$0.00$0.00$0.00
Total monthly$3,038.24$3,237.74$3,116.91
Cash to close$72,100$45,500$45,500