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$233,871$233,871$423,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$189,129$0
Funding fee$1,169$1,169$0
Note rate2.71%2.71%7.18%
Blended rate2.71%5.075%7.42%
1st payment$1,097.35$1,097.35$2,865.55
2nd payment$0.00$1,260.86$0.00
Taxes / mo$92.25$92.25$92.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,356.27$2,617.13$3,209.07
Cash to close$236,129$47,000$47,000