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$128,128$128,128$246,600
Remaining term (yrs)25.225.230.0
Secondary amount$0$118,472$0
Funding fee$641$641$0
Note rate3.11%3.11%7.18%
Blended rate3.11%5.459%7.42%
1st payment$609.61$609.61$1,670.55
2nd payment$0.00$789.81$0.00
Taxes / mo$38.42$38.42$38.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.32
HOA / mo$321.00$321.00$321.00
Total monthly$1,119.02$1,908.83$2,229.29
Cash to close$145,872$27,400$27,400