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$374,328$374,328$405,000
Remaining term (yrs)27.627.630.0
Secondary amount$0$30,672$0
Funding fee$0$0$0
Note rate6.94%6.94%7.18%
Blended rate7.49%7.604%7.42%
1st payment$2,536.64$2,536.64$2,743.61
2nd payment$0.00$230.04$0.00
Taxes / mo$67.42$67.42$67.42
Insurance / mo$150.00$150.00$150.00
MI / mo$175.82$175.82$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,929.87$3,159.91$3,042.03
Cash to close$75,672$45,000$45,000