Elevate48
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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$391,344$391,344$396,000
Remaining term (yrs)28.228.230.0
Secondary amount$0$26,656$0
Funding fee$0$0$0
Note rate6.76%6.76%7.18%
Blended rate7.31%7.601%7.42%
1st payment$2,587.79$2,587.79$2,682.64
2nd payment$0.00$263.78$0.00
Taxes / mo$247.33$247.33$247.33
Insurance / mo$150.00$150.00$150.00
MI / mo$182.68$182.68$79.20
HOA / mo$69.00$69.00$69.00
Total monthly$3,236.80$3,500.58$3,228.18
Cash to close$48,656$22,000$44,000