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$228,673$228,673$337,500
Remaining term (yrs)23.023.030.0
Secondary amount$0$108,827$0
Funding fee$1,143$1,143$0
Note rate3.61%3.61%7.18%
Blended rate3.61%5.026%7.42%
1st payment$1,217.89$1,217.89$2,286.34
2nd payment$0.00$725.52$0.00
Taxes / mo$97.17$97.17$97.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$87.00$87.00$87.00
Total monthly$1,552.06$2,277.58$2,688.01
Cash to close$146,327$37,500$37,500