Elevate48
Call Martin

Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$406,337$406,337$422,010
Remaining term (yrs)26.126.130.0
Secondary amount$0$39,118$0
Funding fee$0$0$0
Note rate7.08%7.08%7.18%
Blended rate7.93%8.276%7.42%
1st payment$2,846.19$2,846.19$2,858.84
2nd payment$0.00$387.11$0.00
Taxes / mo$139.33$139.33$139.33
Insurance / mo$166.67$166.67$166.67
MI / mo$300.60$300.60$84.40
HOA / mo$108.00$108.00$108.00
Total monthly$3,560.78$3,947.89$3,357.24
Cash to close$62,563$23,445$46,890