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$225,082$225,082$306,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$80,918$0
Funding fee$1,125$1,125$0
Note rate2.86%2.86%7.18%
Blended rate2.86%4.484%7.42%
1st payment$1,051.05$1,051.05$2,072.95
2nd payment$0.00$606.89$0.00
Taxes / mo$193.33$193.33$193.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.20
HOA / mo$147.00$147.00$147.00
Total monthly$1,541.38$2,148.27$2,624.48
Cash to close$114,918$34,000$34,000