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$294,312$294,312$308,520
Remaining term (yrs)26.226.230.0
Secondary amount$0$31,348$0
Funding fee$0$0$0
Note rate6.810%6.810%7.240%
Blended rate7.660%8.066%7.480%
1st payment$2,007.97$2,007.97$2,102.56
2nd payment$0.00$310.21$0.00
Taxes / mo$77.58$77.58$77.58
Insurance / mo$150.00$150.00$150.00
MI / mo$217.95$217.95$61.70
HOA / mo$78.67$78.67$78.67
Total monthly$2,532.17$2,842.39$2,470.52
Cash to close$48,488$17,140$34,280