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$523,260$523,260$945,000
Remaining term (yrs)27.027.030.0
Secondary amount$0$421,740$0
Funding fee$0$0$0
Note rate7.31%7.31%7.18%
Blended rate7.86%7.811%7.42%
1st payment$3,701.82$3,701.82$6,401.76
2nd payment$0.00$2,723.74$0.00
Taxes / mo$199.83$199.83$199.83
Insurance / mo$216.67$216.67$216.67
MI / mo$247.24$247.24$189.00
HOA / mo$94.00$94.00$94.00
Total monthly$4,459.56$7,183.29$7,101.26
Cash to close$526,740$105,000$105,000