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$21,140$21,140$79,200
Remaining term (yrs)5.05.030.0
Secondary amount$0$58,060$0
Funding fee$0$0$0
Note rate7.500%7.500%7.320%
Blended rate8.350%8.827%7.560%
1st payment$412.33$412.33$544.05
2nd payment$0.00$435.45$0.00
Taxes / mo$31.33$31.33$31.33
Insurance / mo$150.00$150.00$150.00
MI / mo$41.77$41.77$15.84
HOA / mo$0.00$0.00$0.00
Total monthly$635.44$1,070.89$741.22
Cash to close$66,860$8,800$8,800