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$239,059$239,059$315,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$75,941$0
Funding fee$1,195$1,195$0
Note rate3.02%3.02%7.18%
Blended rate3.02%4.462%7.42%
1st payment$1,141.24$1,141.24$2,133.92
2nd payment$0.00$569.56$0.00
Taxes / mo$111.42$111.42$111.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,402.66$1,972.22$2,458.34
Cash to close$110,941$35,000$35,000