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$228,380$228,380$355,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$127,120$0
Funding fee$1,142$1,142$0
Note rate3.45%3.45%7.18%
Blended rate3.45%5.077%7.42%
1st payment$1,177.73$1,177.73$2,408.28
2nd payment$0.00$847.46$0.00
Taxes / mo$180.75$180.75$180.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$79.67$79.67$79.67
Total monthly$1,588.15$2,435.62$2,889.80
Cash to close$166,620$39,500$39,500