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$132,019$132,019$468,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$335,981$0
Funding fee$660$660$0
Note rate6.5%6.5%7.18%
Blended rate6.5%7.397%7.42%
1st payment$853.29$853.29$3,170.40
2nd payment$0.00$2,169.88$0.00
Taxes / mo$208.08$208.08$208.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.60
HOA / mo$67.00$67.00$67.00
Total monthly$1,295.04$3,464.92$3,705.75
Cash to close$387,981$52,000$52,000