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$399,505$399,505$405,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$27,995$0
Funding fee$0$0$0
Note rate6.63%6.63%7.18%
Blended rate7.18%7.487%7.42%
1st payment$2,637.77$2,637.77$2,743.61
2nd payment$0.00$277.04$0.00
Taxes / mo$189.00$189.00$189.00
Insurance / mo$150.00$150.00$150.00
MI / mo$188.71$188.71$81.00
HOA / mo$69.00$69.00$69.00
Total monthly$3,234.49$3,511.52$3,232.61
Cash to close$50,495$22,500$45,000