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$28,595$28,595$171,000
Remaining term (yrs)5.05.030.0
Secondary amount$0$142,405$0
Funding fee$0$0$0
Note rate6.63%6.63%7.18%
Blended rate7.48%7.913%7.42%
1st payment$553.47$553.47$1,158.41
2nd payment$0.00$949.37$0.00
Taxes / mo$57.75$57.75$57.75
Insurance / mo$150.00$150.00$150.00
MI / mo$61.20$61.20$34.20
HOA / mo$0.00$0.00$0.00
Total monthly$822.41$1,771.78$1,400.36
Cash to close$161,405$19,000$19,000