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
Current Market Conventional
New · Conventional
Loan amount$542,246$504,000
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.5%7.18%
Blended rate7.05%7.42%
1st payment$3,472.90$3,414.27
2nd payment$0.00$0.00
Taxes / mo$22.92$22.92
Insurance / mo$166.67$166.67
MI / mo$251.83$100.80
HOA / mo$118.00$118.00
Total monthly$4,032.31$3,822.65
Cash to close$17,754$56,000