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$464,986$464,986$495,000
Remaining term (yrs)28.628.630.0
Secondary amount$0$30,014$0
Funding fee$0$0$0
Note rate6.76%6.76%7.18%
Blended rate7.31%7.412%7.42%
1st payment$3,060.02$3,060.02$3,353.30
2nd payment$0.00$225.11$0.00
Taxes / mo$210.92$210.92$210.92
Insurance / mo$166.67$166.67$166.67
MI / mo$216.02$216.02$99.00
HOA / mo$36.67$36.67$36.67
Total monthly$3,690.28$3,915.39$3,866.56
Cash to close$85,014$55,000$55,000