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$271,270$271,270$297,000
Remaining term (yrs)28.728.730.0
Secondary amount$0$25,730$0
Funding fee$0$0$0
Note rate6.72%6.72%7.18%
Blended rate7.27%7.42%7.42%
1st payment$1,776.39$1,776.39$2,011.98
2nd payment$0.00$192.97$0.00
Taxes / mo$150.33$150.33$150.33
Insurance / mo$150.00$150.00$150.00
MI / mo$125.92$125.92$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,202.64$2,395.61$2,371.71
Cash to close$58,730$33,000$33,000