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$221,662$221,662$391,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$169,838$0
Funding fee$1,108$1,108$0
Note rate3.65%3.65%7.18%
Blended rate3.65%5.537%7.42%
1st payment$1,169.27$1,169.27$2,652.16
2nd payment$0.00$1,132.25$0.00
Taxes / mo$133.67$133.67$133.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.30
HOA / mo$95.00$95.00$95.00
Total monthly$1,547.93$2,680.19$3,109.12
Cash to close$213,338$43,500$43,500