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$251,395$251,395$288,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$36,605$0
Funding fee$1,257$1,257$0
Note rate3.06%3.06%7.18%
Blended rate3.06%3.815%7.42%
1st payment$1,210.81$1,210.81$1,951.01
2nd payment$0.00$274.54$0.00
Taxes / mo$76.58$76.58$76.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$230.00$230.00$230.00
Total monthly$1,667.40$1,941.93$2,465.20
Cash to close$68,605$32,000$32,000