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$388,376$388,376$404,100
Remaining term (yrs)25.725.730.0
Secondary amount$0$38,174$0
Funding fee$0$0$0
Note rate5.81%5.81%7.18%
Blended rate6.66%7.127%7.42%
1st payment$2,422.35$2,422.35$2,737.51
2nd payment$0.00$377.77$0.00
Taxes / mo$112.42$112.42$112.42
Insurance / mo$150.00$150.00$150.00
MI / mo$292.11$292.11$80.82
HOA / mo$76.42$76.42$76.42
Total monthly$3,053.30$3,431.06$3,157.17
Cash to close$60,624$22,450$44,900