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$216,024$216,024$256,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$40,476$0
Funding fee$1,080$1,080$0
Note rate2.98%2.98%7.18%
Blended rate2.98%3.93%7.42%
1st payment$1,026.79$1,026.79$1,737.62
2nd payment$0.00$303.57$0.00
Taxes / mo$165.08$165.08$165.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.30
HOA / mo$73.00$73.00$73.00
Total monthly$1,414.87$1,718.44$2,177.00
Cash to close$68,976$28,500$28,500