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$260,260$260,260$346,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$86,240$0
Funding fee$1,301$1,301$0
Note rate2.65%2.65%7.18%
Blended rate2.65%4.23%7.42%
1st payment$1,210.29$1,210.29$2,347.31
2nd payment$0.00$646.80$0.00
Taxes / mo$166.75$166.75$166.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$190.00$190.00$190.00
Total monthly$1,717.04$2,363.85$2,923.36
Cash to close$124,740$38,500$38,500