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$423,690$423,690$630,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$206,310$0
Funding fee$0$0$0
Note rate5.66%5.66%7.18%
Blended rate6.51%6.916%7.42%
1st payment$2,596.52$2,596.52$4,267.84
2nd payment$0.00$1,332.42$0.00
Taxes / mo$280.83$280.83$280.83
Insurance / mo$166.67$166.67$166.67
MI / mo$318.27$318.27$126.00
HOA / mo$92.67$92.67$92.67
Total monthly$3,454.97$4,787.39$4,934.01
Cash to close$276,310$70,000$70,000