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$302,094$302,094$522,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$219,906$0
Funding fee$1,510$1,510$0
Note rate3.23%3.23%7.18%
Blended rate3.23%5.134%7.42%
1st payment$1,519.38$1,519.38$3,536.21
2nd payment$0.00$1,420.23$0.00
Taxes / mo$188.00$188.00$188.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,874.05$3,294.28$3,995.28
Cash to close$277,906$58,000$58,000