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$249,678$249,678$310,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$60,822$0
Funding fee$1,248$1,248$0
Note rate3.45%3.45%7.18%
Blended rate3.45%4.537%7.42%
1st payment$1,230.43$1,230.43$2,103.44
2nd payment$0.00$456.16$0.00
Taxes / mo$153.67$153.67$153.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$79.67$79.67$79.67
Total monthly$1,613.76$2,069.93$2,548.87
Cash to close$95,322$34,500$34,500