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$43,481$43,481$328,500
Remaining term (yrs)7.17.130.0
Secondary amount$0$285,019$0
Funding fee$0$0$0
Note rate8.099%8.099%7.18%
Blended rate8.949%7.909%7.42%
1st payment$668.09$668.09$2,225.37
2nd payment$0.00$1,840.75$0.00
Taxes / mo$168.75$168.75$168.75
Insurance / mo$150.00$150.00$150.00
MI / mo$63.89$63.89$65.70
HOA / mo$99.00$99.00$99.00
Total monthly$1,149.73$2,990.48$2,708.82
Cash to close$321,519$36,500$36,500