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$229,210$229,210$404,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$174,890$0
Funding fee$1,146$1,146$0
Note rate2.9%2.9%7.18%
Blended rate2.9%5.107%7.42%
1st payment$1,072.62$1,072.62$2,737.51
2nd payment$0.00$1,165.93$0.00
Taxes / mo$331.92$331.92$331.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,554.54$2,720.47$3,300.25
Cash to close$219,790$44,900$44,900