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$218,275$218,275$323,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$105,635$0
Funding fee$1,091$1,091$0
Note rate3.1%3.1%7.18%
Blended rate3.1%4.698%7.42%
1st payment$1,039.61$1,039.61$2,194.28
2nd payment$0.00$704.23$0.00
Taxes / mo$148.03$148.03$148.03
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.78
HOA / mo$64.00$64.00$64.00
Total monthly$1,401.65$2,105.88$2,621.09
Cash to close$141,625$35,990$35,990