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$417,311$417,311$544,410
Remaining term (yrs)28.628.630.0
Secondary amount$0$127,099$0
Funding fee$0$0$0
Note rate6.85%6.85%7.18%
Blended rate7.4%7.54%7.42%
1st payment$2,773.58$2,773.58$3,688.02
2nd payment$0.00$847.33$0.00
Taxes / mo$137.67$137.67$137.67
Insurance / mo$166.67$166.67$166.67
MI / mo$194.00$194.00$108.88
HOA / mo$0.00$0.00$0.00
Total monthly$3,271.92$4,119.25$4,101.24
Cash to close$187,589$60,490$60,490