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$225,378$225,378$359,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$133,722$0
Funding fee$1,127$1,127$0
Note rate2.87%2.87%7.18%
Blended rate2.87%4.78%7.42%
1st payment$1,075.91$1,075.91$2,432.67
2nd payment$0.00$891.48$0.00
Taxes / mo$121.67$121.67$121.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$65.00$65.00$65.00
Total monthly$1,412.58$2,304.06$2,841.16
Cash to close$173,622$39,900$39,900