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$292,265$292,265$607,410
Remaining term (yrs)24.124.130.0
Secondary amount$0$315,145$0
Funding fee$1,461$1,461$0
Note rate2.83%2.83%7.18%
Blended rate2.83%5.383%7.42%
1st payment$1,392.56$1,392.56$4,114.81
2nd payment$0.00$2,035.31$0.00
Taxes / mo$260.42$260.42$260.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.48
HOA / mo$38.00$38.00$38.00
Total monthly$1,857.64$3,892.96$4,701.37
Cash to close$382,635$67,490$67,490