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$156,504$156,504$261,000
Remaining term (yrs)10.310.330.0
Secondary amount$0$104,496$0
Funding fee$0$0$0
Note rate6.05%6.05%7.18%
Blended rate6.9%7.34%7.42%
1st payment$1,690.77$1,690.77$1,768.10
2nd payment$0.00$696.64$0.00
Taxes / mo$68.92$68.92$68.92
Insurance / mo$150.00$150.00$150.00
MI / mo$198.69$198.69$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,108.37$2,805.01$2,039.22
Cash to close$133,496$29,000$29,000