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$338,606$338,606$409,500
Remaining term (yrs)29.029.030.0
Secondary amount$0$70,894$0
Funding fee$0$0$0
Note rate6.340%6.340%7.320%
Blended rate6.890%7.255%7.560%
1st payment$2,125.01$2,125.01$2,812.98
2nd payment$0.00$531.70$0.00
Taxes / mo$5.33$5.33$5.33
Insurance / mo$166.67$166.67$166.67
MI / mo$156.69$156.69$81.90
HOA / mo$185.00$185.00$185.00
Total monthly$2,638.70$3,170.40$3,251.88
Cash to close$116,394$45,500$45,500