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$50,927$50,927$251,910
Remaining term (yrs)12.212.230.0
Secondary amount$0$200,983$0
Funding fee$0$0$0
Note rate5.53%5.53%7.18%
Blended rate6.38%7.473%7.42%
1st payment$475.45$475.45$1,706.53
2nd payment$0.00$1,298.01$0.00
Taxes / mo$166.75$166.75$166.75
Insurance / mo$150.00$150.00$150.00
MI / mo$59.12$59.12$50.38
HOA / mo$74.67$74.67$74.67
Total monthly$925.99$2,224.00$2,148.33
Cash to close$228,973$27,990$27,990