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$19,384$19,384$472,500
Remaining term (yrs)2.52.530.0
Secondary amount$0$453,116$0
Funding fee$0$0$0
Note rate6.86%6.86%7.18%
Blended rate7.71%7.748%7.42%
1st payment$684.10$684.10$3,200.88
2nd payment$0.00$2,926.38$0.00
Taxes / mo$167.25$167.25$167.25
Insurance / mo$166.67$166.67$166.67
MI / mo$73.88$73.88$94.50
HOA / mo$78.00$78.00$78.00
Total monthly$1,169.89$4,096.27$3,707.30
Cash to close$505,616$52,500$52,500