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$211,968$211,968$301,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$89,532$0
Funding fee$1,060$1,060$0
Note rate3.65%3.65%7.18%
Blended rate3.65%5.239%7.42%
1st payment$1,123.15$1,123.15$2,042.47
2nd payment$0.00$671.49$0.00
Taxes / mo$137.67$137.67$137.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$75.00$75.00$75.00
Total monthly$1,485.82$2,157.31$2,465.43
Cash to close$123,032$33,500$33,500