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$329,583$329,583$346,500
Remaining term (yrs)28.428.430.0
Secondary amount$0$36,167$0
Funding fee$0$0$0
Note rate5.98%5.98%7.18%
Blended rate6.53%7.059%7.42%
1st payment$2,009.50$2,009.50$2,347.31
2nd payment$0.00$357.90$0.00
Taxes / mo$134.08$134.08$134.08
Insurance / mo$150.00$150.00$150.00
MI / mo$152.05$152.05$69.30
HOA / mo$58.92$58.92$58.92
Total monthly$2,504.56$2,862.46$2,759.62
Cash to close$55,417$19,250$38,500