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$294,020$294,020$449,460
Remaining term (yrs)24.624.630.0
Secondary amount$0$155,440$0
Funding fee$1,470$1,470$0
Note rate2.96%2.96%7.18%
Blended rate2.96%4.703%7.42%
1st payment$1,397.64$1,397.64$3,044.80
2nd payment$0.00$1,036.27$0.00
Taxes / mo$344.50$344.50$344.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.89
HOA / mo$170.00$170.00$170.00
Total monthly$2,078.81$3,115.08$3,815.86
Cash to close$205,380$49,940$49,940