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$52,781$52,781$481,500
Remaining term (yrs)20.320.330.0
Secondary amount$0$428,719$0
Funding fee$0$0$0
Note rate4.15%4.15%7.18%
Blended rate5%7.449%7.42%
1st payment$319.79$319.79$3,261.85
2nd payment$0.00$2,768.81$0.00
Taxes / mo$356.42$356.42$356.42
Insurance / mo$166.67$166.67$166.67
MI / mo$46.60$46.60$96.30
HOA / mo$0.00$0.00$0.00
Total monthly$889.47$3,658.28$3,881.23
Cash to close$482,219$53,500$53,500