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$421,091$421,091$432,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$34,909$0
Funding fee$0$0$0
Note rate5.22%5.22%7.18%
Blended rate6.07%6.514%7.42%
1st payment$2,472.86$2,472.86$2,926.52
2nd payment$0.00$345.46$0.00
Taxes / mo$259.67$259.67$259.67
Insurance / mo$166.67$166.67$166.67
MI / mo$318.27$318.27$86.40
HOA / mo$128.33$128.33$128.33
Total monthly$3,345.80$3,691.26$3,567.58
Cash to close$58,909$24,000$48,000