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$305,415$305,415$328,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$41,335$0
Funding fee$1,527$1,527$0
Note rate6.5%6.5%7.18%
Blended rate6.5%7.141%7.42%
1st payment$1,952.25$1,952.25$2,225.37
2nd payment$0.00$409.05$0.00
Taxes / mo$169.67$169.67$169.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.70
HOA / mo$92.00$92.00$92.00
Total monthly$2,363.92$2,772.96$2,702.74
Cash to close$59,585$18,250$36,500