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$330,093$330,093$1,323,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$992,907$0
Funding fee$1,650$1,650$0
Note rate2.94%2.94%7.18%
Blended rate2.94%6.55%7.42%
1st payment$1,599.03$1,599.03$8,962.46
2nd payment$0.00$6,412.53$0.00
Taxes / mo$279.92$279.92$279.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$264.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,095.61$8,508.14$9,723.65
Cash to close$1,139,907$147,000$147,000