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$352,460$352,460$404,100
Remaining term (yrs)25.825.830.0
Secondary amount$0$51,640$0
Funding fee$1,762$1,762$0
Note rate2.5%2.5%7.18%
Blended rate2.5%3.331%7.42%
1st payment$1,540.97$1,540.97$2,737.51
2nd payment$0.00$387.30$0.00
Taxes / mo$245.67$245.67$245.67
Insurance / mo$0.00$0.00$0.00
MI / mo$0.00$0.00$80.82
HOA / mo$180.00$180.00$180.00
Total monthly$1,966.64$2,353.93$3,244.00
Cash to close$96,540$44,900$44,900