Elevate48
Call Ashlea

Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$361,439$361,439$369,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$28,061$0
Funding fee$0$0$0
Note rate6.9%6.9%7.18%
Blended rate7.75%8.047%7.42%
1st payment$2,489.68$2,489.68$2,499.73
2nd payment$0.00$277.69$0.00
Taxes / mo$107.00$107.00$107.00
Insurance / mo$150.00$150.00$150.00
MI / mo$267.77$267.77$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,014.45$3,292.14$2,830.53
Cash to close$48,561$20,500$41,000