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$74,881$74,881$315,000
Remaining term (yrs)8.68.630.0
Secondary amount$0$240,119$0
Funding fee$0$0$0
Note rate5.77%5.77%7.18%
Blended rate6.62%7.481%7.42%
1st payment$916.67$916.67$2,133.92
2nd payment$0.00$1,550.77$0.00
Taxes / mo$127.42$127.42$127.42
Insurance / mo$150.00$150.00$150.00
MI / mo$111.02$111.02$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,305.11$2,855.88$2,474.34
Cash to close$275,119$35,000$35,000