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
Current Market Conventional
New · Conventional
Loan amount$338,401$342,000
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.320%
Blended rate7.050%7.560%
1st payment$2,167.34$2,349.30
2nd payment$0.00$0.00
Taxes / mo$88.33$88.33
Insurance / mo$150.00$150.00
MI / mo$157.16$68.40
HOA / mo$25.33$25.33
Total monthly$2,588.17$2,681.37
Cash to close$41,599$38,000