Elevate48
Call Martin

Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$493,747$493,747$498,600
Remaining term (yrs)26.926.930.0
Secondary amount$0$32,553$0
Funding fee$0$0$0
Note rate6.96%6.96%7.18%
Blended rate7.51%7.78%7.42%
1st payment$3,383.20$3,383.20$3,377.69
2nd payment$0.00$322.14$0.00
Taxes / mo$263.83$263.83$263.83
Insurance / mo$166.67$166.67$166.67
MI / mo$234.02$234.02$99.72
HOA / mo$193.00$193.00$193.00
Total monthly$4,240.72$4,562.86$4,100.91
Cash to close$60,253$27,700$55,400