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$115,993$115,993$396,000
Remaining term (yrs)13.413.430.0
Secondary amount$0$280,007$0
Funding fee$580$580$0
Note rate3.45%3.45%7.18%
Blended rate3.45%6.49%7.42%
1st payment$896.65$896.65$2,682.64
2nd payment$0.00$1,808.38$0.00
Taxes / mo$154.00$154.00$154.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$22.33$22.33$22.33
Total monthly$1,222.98$3,031.36$3,088.17
Cash to close$324,007$44,000$44,000