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$296,653$296,653$504,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$207,347$0
Funding fee$1,483$1,483$0
Note rate2.84%2.84%7.18%
Blended rate2.84%4.86%7.42%
1st payment$1,382.20$1,382.20$3,414.27
2nd payment$0.00$1,339.11$0.00
Taxes / mo$77.33$77.33$77.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,626.20$2,965.31$3,759.07
Cash to close$263,347$56,000$56,000