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$60,553$60,553$315,000
Remaining term (yrs)16.716.730.0
Secondary amount$0$254,447$0
Funding fee$0$0$0
Note rate4.51%4.51%7.18%
Blended rate5.36%7.291%7.42%
1st payment$428.36$428.36$2,133.92
2nd payment$0.00$1,643.30$0.00
Taxes / mo$88.42$88.42$88.42
Insurance / mo$150.00$150.00$150.00
MI / mo$59.81$59.81$63.00
HOA / mo$93.00$93.00$93.00
Total monthly$819.59$2,462.89$2,528.34
Cash to close$289,447$35,000$35,000