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$194,550$194,550$216,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$33,450$0
Funding fee$973$973$0
Note rate6.26%6.26%7.18%
Blended rate6.26%7.084%7.42%
1st payment$1,254.78$1,254.78$1,463.26
2nd payment$0.00$331.01$0.00
Taxes / mo$167.33$167.33$167.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,572.12$1,903.13$1,823.79
Cash to close$45,450$12,000$24,000