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$242,291$242,291$799,200
Remaining term (yrs)23.723.730.0
Secondary amount$0$556,909$0
Funding fee$1,211$1,211$0
Note rate3.16%3.16%7.18%
Blended rate3.16%6.358%7.42%
1st payment$1,206.92$1,206.92$5,414.06
2nd payment$0.00$3,596.71$0.00
Taxes / mo$242.42$242.42$242.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$159.84
HOA / mo$18.00$18.00$18.00
Total monthly$1,684.00$5,280.71$6,050.98
Cash to close$645,709$88,800$88,800