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$356,659$356,659$391,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$34,841$0
Funding fee$1,783$1,783$0
Note rate5.22%5.22%7.18%
Blended rate5.22%5.556%7.42%
1st payment$2,091.32$2,091.32$2,652.16
2nd payment$0.00$261.31$0.00
Taxes / mo$149.00$149.00$149.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.30
HOA / mo$70.00$70.00$70.00
Total monthly$2,460.32$2,721.62$3,099.46
Cash to close$78,341$43,500$43,500