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$526,561$526,561$531,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$33,939$0
Funding fee$0$0$0
Note rate6.08%6.08%7.18%
Blended rate6.63%6.948%7.42%
1st payment$3,261.93$3,261.93$3,597.18
2nd payment$0.00$335.85$0.00
Taxes / mo$322.58$322.58$322.58
Insurance / mo$166.67$166.67$166.67
MI / mo$247.24$247.24$106.20
HOA / mo$126.00$126.00$126.00
Total monthly$4,124.42$4,460.27$4,318.63
Cash to close$63,439$29,500$59,000