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$311,598$311,598$373,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$61,902$0
Funding fee$0$0$0
Note rate3.500%3.500%7.320%
Blended rate4.350%4.862%7.560%
1st payment$1,553.47$1,553.47$2,565.69
2nd payment$0.00$464.26$0.00
Taxes / mo$85.71$85.71$85.71
Insurance / mo$0.00$0.00$0.00
MI / mo$155.00$155.00$74.70
HOA / mo$66.00$66.00$66.00
Total monthly$1,860.18$2,324.44$2,792.09
Cash to close$103,402$41,500$41,500