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$262,016$262,016$306,000
Remaining term (yrs)27.127.130.0
Secondary amount$0$43,984$0
Funding fee$1,310$1,310$0
Note rate7.03%7.03%7.18%
Blended rate7.03%7.313%7.42%
1st payment$1,801.76$1,801.76$2,072.95
2nd payment$0.00$329.88$0.00
Taxes / mo$62.50$62.50$62.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,014.26$2,344.14$2,346.65
Cash to close$77,984$34,000$34,000