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$194,974$194,974$427,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$232,526$0
Funding fee$975$975$0
Note rate2.66%2.66%7.18%
Blended rate2.66%5.429%7.42%
1st payment$905.48$905.48$2,896.03
2nd payment$0.00$1,501.73$0.00
Taxes / mo$184.25$184.25$184.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,256.39$2,758.13$3,332.45
Cash to close$280,026$47,500$47,500