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$109,296$109,296$292,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$183,204$0
Funding fee$546$546$0
Note rate3.1%3.1%7.18%
Blended rate3.1%6.169%7.42%
1st payment$529.88$529.88$1,981.50
2nd payment$0.00$1,221.36$0.00
Taxes / mo$114.00$114.00$114.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$47.33$47.33$47.33
Total monthly$841.21$2,062.57$2,351.33
Cash to close$215,704$32,500$32,500