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$284,306$284,306$382,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$98,194$0
Funding fee$1,422$1,422$0
Note rate2.96%2.96%7.18%
Blended rate2.96%4.511%7.42%
1st payment$1,351.47$1,351.47$2,591.19
2nd payment$0.00$736.46$0.00
Taxes / mo$196.42$196.42$196.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$11.67$11.67$11.67
Total monthly$1,709.55$2,446.01$3,025.77
Cash to close$140,694$42,500$42,500