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$79,180$79,180$198,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$118,820$0
Funding fee$396$396$0
Note rate2.9%2.9%7.18%
Blended rate2.9%5.961%7.42%
1st payment$382.86$382.86$1,341.32
2nd payment$0.00$792.13$0.00
Taxes / mo$33.08$33.08$33.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$39.60
HOA / mo$150.00$150.00$150.00
Total monthly$715.94$1,508.07$1,714.00
Cash to close$140,820$22,000$22,000