Elevate48
Call Jeremy

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$509,699$509,699$539,100
Remaining term (yrs)26.926.930.0
Secondary amount$0$29,401$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.449%7.640%
1st payment$3,442.90$3,442.90$3,732.62
2nd payment$0.00$220.51$0.00
Taxes / mo$89.00$89.00$89.00
Insurance / mo$166.67$166.67$166.67
MI / mo$241.80$241.80$107.82
HOA / mo$260.00$260.00$260.00
Total monthly$4,200.37$4,420.88$4,356.11
Cash to close$89,301$59,900$59,900