Elevate48
Call Ashlea

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$252,018$252,018$405,000
Remaining term (yrs)23.023.030.0
Secondary amount$0$152,982$0
Funding fee$1,260$1,260$0
Note rate3.56%3.56%7.18%
Blended rate3.56%5.237%7.42%
1st payment$1,335.55$1,335.55$2,743.61
2nd payment$0.00$1,019.88$0.00
Taxes / mo$119.17$119.17$119.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$71.00$71.00$71.00
Total monthly$1,675.71$2,695.59$3,164.78
Cash to close$197,982$45,000$45,000