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$301,931$301,931$364,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$62,569$0
Funding fee$0$0$0
Note rate6.94%6.94%7.18%
Blended rate7.49%7.749%7.42%
1st payment$2,052.19$2,052.19$2,469.25
2nd payment$0.00$469.27$0.00
Taxes / mo$58.25$58.25$58.25
Insurance / mo$150.00$150.00$150.00
MI / mo$142.24$142.24$72.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,402.68$2,871.95$2,750.40
Cash to close$103,069$40,500$40,500