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$19,475$19,475$557,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$537,625$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%7.738%7.560%
1st payment$132.77$132.77$3,826.89
2nd payment$0.00$3,472.16$0.00
Taxes / mo$167.67$167.67$167.67
Insurance / mo$166.67$166.67$166.67
MI / mo$9.09$9.09$111.42
HOA / mo$125.00$125.00$125.00
Total monthly$601.19$4,073.35$4,397.64
Cash to close$599,525$61,900$61,900