Elevate48
Call Ashlea

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$46,201$46,201$562,410
Remaining term (yrs)4.94.930.0
Secondary amount$0$516,209$0
Funding fee$0$0$0
Note rate6.95%6.95%7.18%
Blended rate7.8%7.754%7.42%
1st payment$913.75$913.75$3,809.96
2nd payment$0.00$3,333.85$0.00
Taxes / mo$116.75$116.75$116.75
Insurance / mo$166.67$166.67$166.67
MI / mo$97.78$97.78$112.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,294.95$4,628.80$4,205.86
Cash to close$578,699$62,490$62,490