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$389,967$389,967$396,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$28,033$0
Funding fee$0$0$0
Note rate6.6%6.6%7.18%
Blended rate7.15%7.467%7.42%
1st payment$2,596.09$2,596.09$2,682.64
2nd payment$0.00$277.41$0.00
Taxes / mo$198.58$198.58$198.58
Insurance / mo$150.00$150.00$150.00
MI / mo$186.31$186.31$79.20
HOA / mo$86.00$86.00$86.00
Total monthly$3,216.98$3,494.39$3,196.43
Cash to close$50,033$22,000$44,000