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$205,848$205,848$258,210
Remaining term (yrs)26.926.930.0
Secondary amount$0$52,362$0
Funding fee$0$0$0
Note rate7.12%7.12%7.18%
Blended rate7.67%7.94%7.42%
1st payment$1,431.99$1,431.99$1,749.20
2nd payment$0.00$392.72$0.00
Taxes / mo$74.58$74.58$74.58
Insurance / mo$150.00$150.00$150.00
MI / mo$97.47$97.47$51.64
HOA / mo$56.67$56.67$56.67
Total monthly$1,810.71$2,203.43$2,082.10
Cash to close$81,052$28,690$28,690