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$292,677$292,677$305,991
Remaining term (yrs)28.028.030.0
Secondary amount$0$30,313$0
Funding fee$0$0$0
Note rate6.35%6.35%7.18%
Blended rate6.9%7.367%7.42%
1st payment$1,863.44$1,863.44$2,072.89
2nd payment$0.00$299.98$0.00
Taxes / mo$182.25$182.25$182.25
Insurance / mo$150.00$150.00$150.00
MI / mo$137.26$137.26$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,332.95$2,632.93$2,466.34
Cash to close$47,313$17,000$33,999