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$14,803$14,803$292,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$277,697$0
Funding fee$0$0$0
Note rate6.64%6.64%7.18%
Blended rate7.19%7.722%7.42%
1st payment$101.65$101.65$1,981.50
2nd payment$0.00$1,793.46$0.00
Taxes / mo$49.50$49.50$49.50
Insurance / mo$150.00$150.00$150.00
MI / mo$6.91$6.91$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$308.06$2,101.52$2,239.50
Cash to close$310,197$32,500$32,500