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$306,322$306,322$314,100
Remaining term (yrs)27.627.630.0
Secondary amount$0$25,228$0
Funding fee$0$0$0
Note rate6.95%6.95%7.18%
Blended rate7.5%7.833%7.42%
1st payment$2,079.87$2,079.87$2,127.82
2nd payment$0.00$249.65$0.00
Taxes / mo$73.42$73.42$73.42
Insurance / mo$150.00$150.00$150.00
MI / mo$144.01$144.01$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,447.29$2,696.95$2,414.06
Cash to close$42,678$17,450$34,900