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$334,160$334,160$342,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$26,840$0
Funding fee$0$0$0
Note rate6.35%6.35%7.18%
Blended rate6.9%7.27%7.42%
1st payment$2,168.93$2,168.93$2,316.83
2nd payment$0.00$265.60$0.00
Taxes / mo$89.00$89.00$89.00
Insurance / mo$150.00$150.00$150.00
MI / mo$159.76$159.76$68.40
HOA / mo$71.00$71.00$71.00
Total monthly$2,638.69$2,904.29$2,695.23
Cash to close$45,840$19,000$38,000