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$282,941$282,941$801,000
Remaining term (yrs)18.218.230.0
Secondary amount$0$518,059$0
Funding fee$1,415$1,415$0
Note rate3.18%3.18%7.18%
Blended rate3.18%6.136%7.42%
1st payment$1,698.87$1,698.87$5,426.25
2nd payment$0.00$3,345.80$0.00
Taxes / mo$218.08$218.08$218.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$160.20
HOA / mo$20.83$20.83$20.83
Total monthly$2,154.45$5,500.25$6,042.03
Cash to close$607,059$89,000$89,000