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$318,711$318,711$360,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$41,289$0
Funding fee$0$0$0
Note rate6.5%6.5%7.18%
Blended rate7.05%7.274%7.42%
1st payment$2,103.90$2,103.90$2,438.77
2nd payment$0.00$309.67$0.00
Taxes / mo$119.33$119.33$119.33
Insurance / mo$150.00$150.00$150.00
MI / mo$152.56$152.56$72.00
HOA / mo$54.00$54.00$54.00
Total monthly$2,579.79$2,889.46$2,834.10
Cash to close$81,289$40,000$40,000