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$222,734$222,734$450,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$227,266$0
Funding fee$1,114$1,114$0
Note rate3.31%3.31%7.18%
Blended rate3.31%5.552%7.42%
1st payment$1,132.19$1,132.19$3,048.46
2nd payment$0.00$1,467.76$0.00
Taxes / mo$177.75$177.75$177.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,476.61$2,944.37$3,482.87
Cash to close$277,266$50,000$50,000