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$26,415$26,415$112,500
Remaining term (yrs)7.07.030.0
Secondary amount$0$86,085$0
Funding fee$0$0$0
Note rate5.72%5.72%7.18%
Blended rate6.57%8.429%7.42%
1st payment$378.70$378.70$762.11
2nd payment$0.00$645.63$0.00
Taxes / mo$78.25$78.25$78.25
Insurance / mo$150.00$150.00$150.00
MI / mo$46.12$46.12$22.50
HOA / mo$0.00$0.00$0.00
Total monthly$653.06$1,298.70$1,012.86
Cash to close$98,585$12,500$12,500