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$200,200$200,200$319,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$119,300$0
Funding fee$1,001$1,001$0
Note rate2.84%2.84%7.18%
Blended rate2.84%4.767%7.42%
1st payment$930.67$930.67$2,164.40
2nd payment$0.00$795.33$0.00
Taxes / mo$33.75$33.75$33.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,114.42$1,909.75$2,412.05
Cash to close$154,800$35,500$35,500