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$229,616$229,616$350,910
Remaining term (yrs)23.723.730.0
Secondary amount$0$121,294$0
Funding fee$1,148$1,148$0
Note rate3.16%3.16%7.18%
Blended rate3.16%4.833%7.42%
1st payment$1,143.78$1,143.78$2,377.19
2nd payment$0.00$808.63$0.00
Taxes / mo$76.25$76.25$76.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.18
HOA / mo$407.00$407.00$407.00
Total monthly$1,777.03$2,585.66$3,080.62
Cash to close$160,284$38,990$38,990