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$592,035$592,035$778,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$186,465$0
Funding fee$0$0$0
Note rate6.12%6.12%7.18%
Blended rate6.67%6.989%7.42%
1st payment$3,771.25$3,771.25$5,273.83
2nd payment$0.00$1,243.10$0.00
Taxes / mo$356.75$356.75$356.75
Insurance / mo$216.67$216.67$216.67
MI / mo$284.63$284.63$155.70
HOA / mo$60.17$60.17$60.17
Total monthly$4,689.47$5,932.57$6,063.12
Cash to close$272,965$86,500$86,500