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$69,626$69,626$297,000
Remaining term (yrs)12.212.230.0
Secondary amount$0$227,374$0
Funding fee$0$0$0
Note rate5.97%5.97%7.18%
Blended rate6.82%7.532%7.42%
1st payment$668.89$668.89$2,011.98
2nd payment$0.00$1,468.46$0.00
Taxes / mo$71.42$71.42$71.42
Insurance / mo$150.00$150.00$150.00
MI / mo$79.28$79.28$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$969.59$2,438.04$2,292.80
Cash to close$260,374$33,000$33,000