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
Current Market Conventional
New · Conventional
Loan amount$199,050$207,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.39%7.18%
Blended rate6.94%7.42%
1st payment$1,297.00$1,402.29
2nd payment$0.00$0.00
Taxes / mo$40.50$40.50
Insurance / mo$150.00$150.00
MI / mo$95.14$41.40
HOA / mo$218.00$218.00
Total monthly$1,800.64$1,852.19
Cash to close$30,950$23,000