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$147,543$147,543$476,910
Remaining term (yrs)16.116.130.0
Secondary amount$0$329,367$0
Funding fee$738$738$0
Note rate3.5%3.5%7.18%
Blended rate3.5%6.435%7.42%
1st payment$996.96$996.96$3,230.75
2nd payment$0.00$2,127.16$0.00
Taxes / mo$210.92$210.92$210.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.38
HOA / mo$38.92$38.92$38.92
Total monthly$1,413.46$3,540.63$3,742.64
Cash to close$382,357$52,990$52,990