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$505,416$505,416$567,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$61,584$0
Funding fee$0$0$0
Note rate6.66%6.66%7.18%
Blended rate7.21%7.404%7.42%
1st payment$3,346.85$3,346.85$3,841.06
2nd payment$0.00$461.88$0.00
Taxes / mo$171.25$171.25$171.25
Insurance / mo$166.67$166.67$166.67
MI / mo$238.70$238.70$113.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,923.47$4,385.34$4,292.37
Cash to close$124,584$63,000$63,000