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$207,929$207,929$652,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$444,571$0
Funding fee$1,040$1,040$0
Note rate3.07%3.07%7.18%
Blended rate3.07%6.259%7.42%
1st payment$1,026.04$1,026.04$4,420.26
2nd payment$0.00$2,871.19$0.00
Taxes / mo$263.08$263.08$263.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,505.79$4,376.98$5,030.51
Cash to close$517,071$72,500$72,500