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$27,011$27,011$342,000
Remaining term (yrs)10.010.030.0
Secondary amount$0$314,989$0
Funding fee$0$0$0
Note rate6.31%6.31%7.18%
Blended rate7.16%7.703%7.42%
1st payment$302.29$302.29$2,316.83
2nd payment$0.00$2,034.31$0.00
Taxes / mo$109.75$109.75$109.75
Insurance / mo$150.00$150.00$150.00
MI / mo$34.56$34.56$68.40
HOA / mo$325.00$325.00$325.00
Total monthly$921.60$2,955.90$2,969.98
Cash to close$352,989$38,000$38,000