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$526,554$526,554$567,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$40,446$0
Funding fee$0$0$0
Note rate6.580%6.580%7.320%
Blended rate7.130%7.263%7.560%
1st payment$3,390.05$3,390.05$3,894.90
2nd payment$0.00$303.34$0.00
Taxes / mo$90.50$90.50$90.50
Insurance / mo$166.67$166.67$166.67
MI / mo$243.79$243.79$113.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,891.00$4,194.35$4,265.46
Cash to close$103,446$63,000$63,000