Elevate48
Call Martin

Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$338,457$338,457$359,910
Remaining term (yrs)26.126.130.0
Secondary amount$0$41,448$0
Funding fee$0$0$0
Note rate7.08%7.08%7.18%
Blended rate7.93%8.36%7.42%
1st payment$2,370.73$2,370.73$2,438.16
2nd payment$0.00$410.16$0.00
Taxes / mo$228.67$228.67$228.67
Insurance / mo$150.00$150.00$150.00
MI / mo$250.38$250.38$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,999.77$3,409.93$2,888.80
Cash to close$61,443$19,995$39,990