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$298,421$298,421$319,500
Remaining term (yrs)27.227.230.0
Secondary amount$0$38,829$0
Funding fee$1,492$1,492$0
Note rate7.500%7.500%7.320%
Blended rate7.500%8.004%7.560%
1st payment$2,142.74$2,142.74$2,194.74
2nd payment$0.00$384.24$0.00
Taxes / mo$106.25$106.25$106.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,398.99$2,783.24$2,514.89
Cash to close$56,579$17,750$35,500