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$482,695$482,695$517,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$34,805$0
Funding fee$0$0$0
Note rate6.270%6.270%7.320%
Blended rate7.120%7.246%7.560%
1st payment$3,120.09$3,120.09$3,554.87
2nd payment$0.00$261.04$0.00
Taxes / mo$148.50$148.50$148.50
Insurance / mo$166.67$166.67$166.67
MI / mo$358.18$358.18$103.50
HOA / mo$66.00$66.00$66.00
Total monthly$3,859.44$4,120.48$4,039.53
Cash to close$92,305$57,500$57,500