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$105,921$105,921$409,500
Remaining term (yrs)14.314.330.0
Secondary amount$0$303,579$0
Funding fee$0$0$0
Note rate4.71%4.71%7.18%
Blended rate5.56%7.184%7.42%
1st payment$844.64$844.64$2,774.10
2nd payment$0.00$1,960.61$0.00
Taxes / mo$172.75$172.75$172.75
Insurance / mo$166.67$166.67$166.67
MI / mo$115.22$115.22$81.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,299.28$3,259.89$3,195.41
Cash to close$349,079$45,500$45,500