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
Current Market Conventional
New · Conventional
Loan amount$544,873$504,000
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.85%7.18%
Blended rate7.4%7.42%
1st payment$3,635.16$3,414.27
2nd payment$0.00$0.00
Taxes / mo$183.83$183.83
Insurance / mo$166.67$166.67
MI / mo$254.27$100.80
HOA / mo$0.00$0.00
Total monthly$4,239.92$3,865.57
Cash to close$15,127$56,000