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$124,096$124,096$177,300
Remaining term (yrs)24.024.030.0
Secondary amount$0$53,204$0
Funding fee$620$620$0
Note rate2.870%2.870%7.320%
Blended rate2.870%4.709%7.560%
1st payment$593.83$593.83$1,217.93
2nd payment$0.00$399.03$0.00
Taxes / mo$55.83$55.83$55.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$35.46
HOA / mo$0.00$0.00$0.00
Total monthly$799.66$1,198.69$1,459.22
Cash to close$72,904$19,700$19,700