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$247,764$247,764$346,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$98,736$0
Funding fee$1,239$1,239$0
Note rate3.29%3.29%7.18%
Blended rate3.29%4.917%7.42%
1st payment$1,259.76$1,259.76$2,347.31
2nd payment$0.00$740.52$0.00
Taxes / mo$84.25$84.25$84.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$205.00$205.00$205.00
Total monthly$1,699.01$2,439.53$2,855.86
Cash to close$137,236$38,500$38,500