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$297,144$297,144$360,000
Remaining term (yrs)28.628.630.0
Secondary amount$0$62,856$0
Funding fee$1,486$1,486$0
Note rate6.5%6.5%7.18%
Blended rate6.5%6.936%7.42%
1st payment$1,906.89$1,906.89$2,438.77
2nd payment$0.00$471.42$0.00
Taxes / mo$7.92$7.92$7.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$150.00$150.00$150.00
Total monthly$2,214.80$2,686.22$2,818.68
Cash to close$102,856$40,000$40,000