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$117,134$117,134$377,910
Remaining term (yrs)18.518.530.0
Secondary amount$0$260,776$0
Funding fee$586$586$0
Note rate3%3%7.18%
Blended rate3%6.278%7.42%
1st payment$685.86$685.86$2,560.09
2nd payment$0.00$1,684.18$0.00
Taxes / mo$123.33$123.33$123.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.58
HOA / mo$66.67$66.67$66.67
Total monthly$1,025.86$2,710.04$2,975.68
Cash to close$302,766$41,990$41,990