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$217,639$217,639$414,000
Remaining term (yrs)19.919.930.0
Secondary amount$0$196,361$0
Funding fee$1,088$1,088$0
Note rate3.46%3.46%7.18%
Blended rate3.46%5.613%7.42%
1st payment$1,257.75$1,257.75$2,804.58
2nd payment$0.00$1,309.08$0.00
Taxes / mo$222.75$222.75$222.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.80
HOA / mo$158.00$158.00$158.00
Total monthly$1,805.16$3,114.24$3,434.80
Cash to close$242,361$46,000$46,000