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$360,584$360,584$449,910
Remaining term (yrs)18.418.430.0
Secondary amount$0$89,326$0
Funding fee$1,803$1,803$0
Note rate6.5%6.5%7.18%
Blended rate6.5%6.996%7.42%
1st payment$2,795.90$2,795.90$3,047.85
2nd payment$0.00$669.95$0.00
Taxes / mo$171.50$171.50$171.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,134.07$3,804.01$3,476.00
Cash to close$139,316$49,990$49,990