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$355,534$355,534$414,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$58,466$0
Funding fee$0$0$0
Note rate6.69%6.69%7.18%
Blended rate7.24%7.489%7.42%
1st payment$2,361.22$2,361.22$2,804.58
2nd payment$0.00$438.49$0.00
Taxes / mo$136.33$136.33$136.33
Insurance / mo$166.67$166.67$166.67
MI / mo$167.89$167.89$82.80
HOA / mo$200.00$200.00$200.00
Total monthly$3,032.11$3,470.60$3,390.38
Cash to close$104,466$46,000$46,000