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$254,915$254,915$405,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$150,085$0
Funding fee$1,275$1,275$0
Note rate2.68%2.68%7.18%
Blended rate2.68%4.651%7.42%
1st payment$1,189.32$1,189.32$2,743.61
2nd payment$0.00$1,000.56$0.00
Taxes / mo$230.83$230.83$230.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$164.00$164.00$164.00
Total monthly$1,734.15$2,734.71$3,369.44
Cash to close$195,085$45,000$45,000