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$183,833$183,833$414,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$230,167$0
Funding fee$919$919$0
Note rate3.55%3.55%7.18%
Blended rate3.55%5.885%7.42%
1st payment$975.51$975.51$2,804.58
2nd payment$0.00$1,486.50$0.00
Taxes / mo$147.58$147.58$147.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,289.76$2,776.26$3,201.63
Cash to close$276,167$46,000$46,000