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$216,680$216,680$342,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$125,320$0
Funding fee$1,083$1,083$0
Note rate3.05%3.05%7.18%
Blended rate3.05%4.864%7.42%
1st payment$1,044.86$1,044.86$2,316.83
2nd payment$0.00$835.47$0.00
Taxes / mo$152.33$152.33$152.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$58.33$58.33$58.33
Total monthly$1,405.52$2,240.99$2,745.89
Cash to close$163,320$38,000$38,000