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$505,473$505,473$517,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$40,777$0
Funding fee$0$0$0
Note rate6.85%6.85%7.18%
Blended rate7.4%7.734%7.42%
1st payment$3,356.40$3,356.40$3,505.73
2nd payment$0.00$403.53$0.00
Taxes / mo$136.42$136.42$136.42
Insurance / mo$166.67$166.67$166.67
MI / mo$234.77$234.77$103.50
HOA / mo$96.00$96.00$96.00
Total monthly$3,990.25$4,393.78$4,008.31
Cash to close$69,527$28,750$57,500