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$39,077$39,077$391,500
Remaining term (yrs)6.66.630.0
Secondary amount$0$352,423$0
Funding fee$195$195$0
Note rate5.85%5.85%7.18%
Blended rate5.85%7.56%7.42%
1st payment$591.06$591.06$2,652.16
2nd payment$0.00$2,276.07$0.00
Taxes / mo$143.33$143.33$143.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$884.40$3,160.46$3,023.79
Cash to close$395,923$43,500$43,500