Elevate48
Call Ashlea

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$501,181$501,181$634,500
Remaining term (yrs)28.328.330.0
Secondary amount$0$133,319$0
Funding fee$0$0$0
Note rate6.93%6.93%7.18%
Blended rate7.48%7.589%7.42%
1st payment$3,366.86$3,366.86$4,298.32
2nd payment$0.00$888.79$0.00
Taxes / mo$302.17$302.17$302.17
Insurance / mo$216.67$216.67$216.67
MI / mo$233.59$233.59$126.90
HOA / mo$67.00$67.00$67.00
Total monthly$4,186.29$5,075.08$5,011.06
Cash to close$203,819$70,500$70,500