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$308,256$308,256$387,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$78,744$0
Funding fee$1,541$1,541$0
Note rate3.07%3.07%7.18%
Blended rate3.07%4.277%7.42%
1st payment$1,463.34$1,463.34$2,621.67
2nd payment$0.00$590.58$0.00
Taxes / mo$226.92$226.92$226.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,840.25$2,430.83$3,075.99
Cash to close$121,744$43,000$43,000