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$76,997$76,997$171,000
Remaining term (yrs)10.510.530.0
Secondary amount$0$94,003$0
Funding fee$0$0$0
Note rate6.500%6.500%7.240%
Blended rate7.350%8.257%7.480%
1st payment$840.11$840.11$1,165.36
2nd payment$0.00$705.02$0.00
Taxes / mo$36.00$36.00$36.00
Insurance / mo$150.00$150.00$150.00
MI / mo$94.15$94.15$34.20
HOA / mo$238.00$238.00$238.00
Total monthly$1,358.26$2,063.28$1,623.56
Cash to close$113,003$19,000$19,000