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$15,706$15,706$413,100
Remaining term (yrs)1.71.730.0
Secondary amount$0$397,394$0
Funding fee$0$0$0
Note rate6.94%6.94%7.18%
Blended rate7.79%7.752%7.42%
1st payment$762.36$762.36$2,798.48
2nd payment$0.00$2,566.50$0.00
Taxes / mo$36.75$36.75$36.75
Insurance / mo$166.67$166.67$166.67
MI / mo$81.66$81.66$82.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,047.44$3,613.94$3,084.52
Cash to close$443,294$45,900$45,900