Elevate48
Call Martin

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 · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$232,088$232,088$292,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$60,412$0
Funding fee$1,160$1,160$0
Note rate3.07%3.07%7.18%
Blended rate3.07%4.295%7.42%
1st payment$1,101.76$1,101.76$1,981.50
2nd payment$0.00$453.09$0.00
Taxes / mo$13.58$13.58$13.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,265.34$1,718.43$2,203.58
Cash to close$92,912$32,500$32,500