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$165,831$165,831$298,800
Remaining term (yrs)9.59.530.0
Secondary amount$0$132,969$0
Funding fee$0$0$0
Note rate6.48%6.48%7.18%
Blended rate7.33%7.628%7.42%
1st payment$1,939.57$1,939.57$2,024.18
2nd payment$0.00$886.46$0.00
Taxes / mo$66.92$66.92$66.92
Insurance / mo$150.00$150.00$150.00
MI / mo$217.81$217.81$59.76
HOA / mo$0.00$0.00$0.00
Total monthly$2,374.30$3,260.76$2,300.85
Cash to close$166,169$33,200$33,200