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$254,307$254,307$625,500
Remaining term (yrs)18.718.730.0
Secondary amount$0$371,193$0
Funding fee$1,272$1,272$0
Note rate3.98%3.98%7.18%
Blended rate3.98%6.217%7.42%
1st payment$1,600.96$1,600.96$4,237.35
2nd payment$0.00$2,397.29$0.00
Taxes / mo$212.67$212.67$212.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.10
HOA / mo$84.00$84.00$84.00
Total monthly$2,064.29$4,461.58$4,825.79
Cash to close$440,693$69,500$69,500