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$273,006$273,006$315,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$41,994$0
Funding fee$0$0$0
Note rate5.11%5.11%7.18%
Blended rate5.96%6.365%7.42%
1st payment$1,592.86$1,592.86$2,133.92
2nd payment$0.00$314.95$0.00
Taxes / mo$157.67$157.67$157.67
Insurance / mo$150.00$150.00$150.00
MI / mo$207.57$207.57$63.00
HOA / mo$294.00$294.00$294.00
Total monthly$2,402.10$2,717.05$2,798.59
Cash to close$76,994$35,000$35,000