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$308,965$308,965$360,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$51,035$0
Funding fee$1,545$1,545$0
Note rate2.99%2.99%7.18%
Blended rate2.99%3.842%7.42%
1st payment$1,444.25$1,444.25$2,438.77
2nd payment$0.00$382.76$0.00
Taxes / mo$139.08$139.08$139.08
Insurance / mo$0.00$0.00$0.00
MI / mo$0.00$0.00$72.00
HOA / mo$26.67$26.67$26.67
Total monthly$1,610.01$1,992.77$2,676.52
Cash to close$91,035$40,000$40,000