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$334,503$334,503$391,500
Remaining term (yrs)29.629.630.0
Secondary amount$0$56,997$0
Funding fee$0$0$0
Note rate6.3%6.3%7.18%
Blended rate6.85%7.163%7.42%
1st payment$2,078.36$2,078.36$2,652.16
2nd payment$0.00$427.48$0.00
Taxes / mo$108.83$108.83$108.83
Insurance / mo$150.00$150.00$150.00
MI / mo$153.90$153.90$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,491.09$2,918.56$2,989.29
Cash to close$100,497$43,500$43,500