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$254,315$254,315$274,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$35,435$0
Funding fee$1,272$1,272$0
Note rate6.86%6.86%7.18%
Blended rate6.86%7.473%7.42%
1st payment$1,693.52$1,693.52$1,859.56
2nd payment$0.00$350.66$0.00
Taxes / mo$155.25$155.25$155.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.90
HOA / mo$194.33$194.33$194.33
Total monthly$2,193.10$2,543.76$2,414.04
Cash to close$50,685$15,250$30,500