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$280,038$280,038$675,000
Remaining term (yrs)19.219.230.0
Secondary amount$0$394,962$0
Funding fee$1,400$1,400$0
Note rate3.96%3.96%7.18%
Blended rate3.96%6.178%7.42%
1st payment$1,729.41$1,729.41$4,572.69
2nd payment$0.00$2,550.80$0.00
Taxes / mo$229.83$229.83$229.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,175.91$4,726.71$5,154.19
Cash to close$469,962$75,000$75,000