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$37,150$37,150$187,200
Remaining term (yrs)9.49.430.0
Secondary amount$0$150,050$0
Funding fee$186$186$0
Note rate2.9%2.9%7.18%
Blended rate2.9%6.988%7.42%
1st payment$373.22$373.22$1,268.16
2nd payment$0.00$1,000.33$0.00
Taxes / mo$67.58$67.58$67.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$37.44
HOA / mo$300.00$300.00$300.00
Total monthly$890.80$1,891.13$1,823.18
Cash to close$170,850$20,800$20,800