Elevate48
Call Martin

Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$304,459$304,459$312,300
Remaining term (yrs)27.527.530.0
Secondary amount$0$25,191$0
Funding fee$0$0$0
Note rate6.87%6.87%7.18%
Blended rate7.42%7.76%7.42%
1st payment$2,053.37$2,053.37$2,115.63
2nd payment$0.00$249.28$0.00
Taxes / mo$59.58$59.58$59.58
Insurance / mo$150.00$150.00$150.00
MI / mo$143.33$143.33$62.46
HOA / mo$0.00$0.00$0.00
Total monthly$2,406.29$2,655.57$2,387.67
Cash to close$42,541$17,350$34,700