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$66,177$66,177$418,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$352,323$0
Funding fee$0$0$0
Note rate3.12%3.12%7.18%
Blended rate3.97%7.152%7.42%
1st payment$315.88$315.88$2,835.06
2nd payment$0.00$2,275.42$0.00
Taxes / mo$105.42$105.42$105.42
Insurance / mo$166.67$166.67$166.67
MI / mo$52.27$52.27$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$640.23$2,915.66$3,190.85
Cash to close$398,823$46,500$46,500