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$440,434$440,434$512,865
Remaining term (yrs)28.428.430.0
Secondary amount$0$72,431$0
Funding fee$0$0$0
Note rate6.76%6.76%7.18%
Blended rate7.31%7.549%7.42%
1st payment$2,906.75$2,906.75$3,474.33
2nd payment$0.00$543.24$0.00
Taxes / mo$136.50$136.50$136.50
Insurance / mo$166.67$166.67$166.67
MI / mo$205.20$205.20$102.57
HOA / mo$28.33$28.33$28.33
Total monthly$3,443.44$3,986.68$3,908.40
Cash to close$129,416$56,985$56,985