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$30,889$30,889$283,500
Remaining term (yrs)3.93.930.0
Secondary amount$0$252,611$0
Funding fee$0$0$0
Note rate7.88%7.88%7.18%
Blended rate8.73%7.857%7.42%
1st payment$752.36$752.36$1,920.53
2nd payment$0.00$1,631.44$0.00
Taxes / mo$58.42$58.42$58.42
Insurance / mo$150.00$150.00$150.00
MI / mo$73.46$73.46$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,034.24$2,665.68$2,185.64
Cash to close$284,111$31,500$31,500