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$256,286$256,286$385,920
Remaining term (yrs)24.824.830.0
Secondary amount$0$129,634$0
Funding fee$1,281$1,281$0
Note rate2.800%2.800%7.320%
Blended rate2.800%4.547%7.560%
1st payment$1,191.59$1,191.59$2,651.00
2nd payment$0.00$864.22$0.00
Taxes / mo$125.67$125.67$125.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.18
HOA / mo$38.92$38.92$38.92
Total monthly$1,506.18$2,370.41$3,042.77
Cash to close$172,514$42,880$42,880