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$313,589$313,589$341,910
Remaining term (yrs)26.726.730.0
Secondary amount$0$28,321$0
Funding fee$0$0$0
Note rate6.67%6.67%7.18%
Blended rate7.22%7.367%7.42%
1st payment$2,094.55$2,094.55$2,316.22
2nd payment$0.00$212.41$0.00
Taxes / mo$113.58$113.58$113.58
Insurance / mo$150.00$150.00$150.00
MI / mo$149.23$149.23$68.38
HOA / mo$58.92$58.92$58.92
Total monthly$2,566.29$2,778.70$2,707.10
Cash to close$66,311$37,990$37,990