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$418,283$418,283$540,000
Remaining term (yrs)28.228.230.0
Secondary amount$0$121,717$0
Funding fee$0$0$0
Note rate6.500%6.500%7.240%
Blended rate7.050%7.264%7.480%
1st payment$2,697.93$2,697.93$3,680.09
2nd payment$0.00$811.44$0.00
Taxes / mo$112.58$112.58$112.58
Insurance / mo$166.67$166.67$166.67
MI / mo$195.64$195.64$108.00
HOA / mo$17.25$17.25$17.25
Total monthly$3,190.06$4,001.51$4,084.59
Cash to close$181,717$60,000$60,000