Elevate48
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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$468,076$468,076$742,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$274,424$0
Funding fee$0$0$0
Note rate6.34%6.34%7.18%
Blended rate6.89%7.208%7.42%
1st payment$3,035.18$3,035.18$5,029.95
2nd payment$0.00$1,772.32$0.00
Taxes / mo$172.83$172.83$172.83
Insurance / mo$216.67$216.67$216.67
MI / mo$223.80$223.80$148.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,648.48$5,420.80$5,567.95
Cash to close$356,924$82,500$82,500