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$348,133$348,133$427,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$79,367$0
Funding fee$1,741$1,741$0
Note rate3.07%3.07%7.18%
Blended rate3.07%4.171%7.42%
1st payment$1,652.64$1,652.64$2,896.03
2nd payment$0.00$595.26$0.00
Taxes / mo$290.75$290.75$290.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$170.00$170.00$170.00
Total monthly$2,280.05$2,875.31$3,608.95
Cash to close$126,867$47,500$47,500