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$416,674$416,674$470,700
Remaining term (yrs)28.528.530.0
Secondary amount$0$54,026$0
Funding fee$0$0$0
Note rate6.65%6.65%7.18%
Blended rate7.2%7.407%7.42%
1st payment$2,717.31$2,717.31$3,188.69
2nd payment$0.00$405.19$0.00
Taxes / mo$173.92$173.92$173.92
Insurance / mo$166.67$166.67$166.67
MI / mo$194.00$194.00$94.14
HOA / mo$44.00$44.00$44.00
Total monthly$3,295.90$3,701.09$3,667.41
Cash to close$106,326$52,300$52,300