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$277,088$277,088$450,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$172,912$0
Funding fee$1,385$1,385$0
Note rate2.68%2.68%7.18%
Blended rate2.68%4.724%7.42%
1st payment$1,274.31$1,274.31$3,048.46
2nd payment$0.00$1,152.75$0.00
Taxes / mo$106.33$106.33$106.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$41.67$41.67$41.67
Total monthly$1,588.98$2,741.73$3,453.13
Cash to close$222,912$50,000$50,000