Elevate48
Call Ashlea

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$395,319$395,319$400,050
Remaining term (yrs)27.127.130.0
Secondary amount$0$26,956$0
Funding fee$0$0$0
Note rate7.29%7.29%7.18%
Blended rate7.84%8.098%7.42%
1st payment$2,786.03$2,786.03$2,710.08
2nd payment$0.00$266.75$0.00
Taxes / mo$190.50$190.50$190.50
Insurance / mo$150.00$150.00$150.00
MI / mo$186.44$186.44$80.01
HOA / mo$134.00$134.00$134.00
Total monthly$3,446.97$3,713.72$3,264.59
Cash to close$49,181$22,225$44,450