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$220,601$220,601$373,410
Remaining term (yrs)23.923.930.0
Secondary amount$0$152,809$0
Funding fee$1,103$1,103$0
Note rate2.99%2.99%7.18%
Blended rate2.99%5.04%7.42%
1st payment$1,074.31$1,074.31$2,529.61
2nd payment$0.00$1,018.73$0.00
Taxes / mo$163.33$163.33$163.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.68
HOA / mo$80.00$80.00$80.00
Total monthly$1,467.65$2,486.37$2,997.62
Cash to close$194,299$41,490$41,490