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$256,502$256,502$319,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$62,998$0
Funding fee$1,283$1,283$0
Note rate3.85%3.85%7.18%
Blended rate3.85%4.865%7.42%
1st payment$1,314.70$1,314.70$2,164.40
2nd payment$0.00$472.49$0.00
Taxes / mo$101.75$101.75$101.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.90
HOA / mo$40.00$40.00$40.00
Total monthly$1,606.45$2,078.94$2,520.05
Cash to close$98,498$35,500$35,500