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$371,341$371,341$387,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$37,159$0
Funding fee$1,857$1,857$0
Note rate3.07%3.07%7.18%
Blended rate3.07%3.871%7.42%
1st payment$1,762.81$1,762.81$2,621.67
2nd payment$0.00$367.72$0.00
Taxes / mo$114.17$114.17$114.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,026.98$2,394.69$2,963.24
Cash to close$58,659$21,500$43,000