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$13,423$13,423$310,500
Remaining term (yrs)17.817.830.0
Secondary amount$0$297,077$0
Funding fee$0$0$0
Note rate4.02%4.02%7.18%
Blended rate4.87%7.625%7.42%
1st payment$87.69$87.69$2,103.44
2nd payment$0.00$1,918.62$0.00
Taxes / mo$155.58$155.58$155.58
Insurance / mo$150.00$150.00$150.00
MI / mo$12.27$12.27$62.10
HOA / mo$42.67$42.67$42.67
Total monthly$448.21$2,366.84$2,513.79
Cash to close$331,577$34,500$34,500