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$476,220$476,220$485,100
Remaining term (yrs)28.528.530.0
Secondary amount$0$35,830$0
Funding fee$0$0$0
Note rate6.640%6.640%7.320%
Blended rate7.190%7.518%7.560%
1st payment$3,099.49$3,099.49$3,332.30
2nd payment$0.00$354.57$0.00
Taxes / mo$178.33$178.33$178.33
Insurance / mo$166.67$166.67$166.67
MI / mo$221.52$221.52$97.02
HOA / mo$168.00$168.00$168.00
Total monthly$3,834.01$4,188.58$3,942.32
Cash to close$62,780$26,950$53,900