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$265,010$265,010$314,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$49,090$0
Funding fee$1,325$1,325$0
Note rate2.95%2.95%7.18%
Blended rate2.95%3.896%7.42%
1st payment$1,258.37$1,258.37$2,127.82
2nd payment$0.00$368.18$0.00
Taxes / mo$124.92$124.92$124.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.82
HOA / mo$91.00$91.00$91.00
Total monthly$1,624.29$1,992.46$2,556.56
Cash to close$83,990$34,900$34,900