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$297,247$297,247$305,909
Remaining term (yrs)26.126.130.0
Secondary amount$0$25,657$0
Funding fee$0$0$0
Note rate5.25%5.25%7.18%
Blended rate6.1%6.559%7.42%
1st payment$1,740.46$1,740.46$2,072.33
2nd payment$0.00$253.89$0.00
Taxes / mo$84.08$84.08$84.08
Insurance / mo$150.00$150.00$150.00
MI / mo$223.26$223.26$61.18
HOA / mo$19.33$19.33$19.33
Total monthly$2,217.13$2,471.03$2,386.93
Cash to close$42,652$16,995$33,990