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$14,225$14,225$427,500
Remaining term (yrs)2.02.030.0
Secondary amount$0$413,275$0
Funding fee$0$0$0
Note rate6.6%6.6%7.18%
Blended rate7.45%7.74%7.42%
1st payment$610.56$610.56$2,896.03
2nd payment$0.00$2,669.07$0.00
Taxes / mo$156.92$156.92$156.92
Insurance / mo$166.67$166.67$166.67
MI / mo$67.72$67.72$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,001.86$3,670.93$3,305.12
Cash to close$460,775$47,500$47,500