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$204,573$204,573$432,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$227,427$0
Funding fee$1,023$1,023$0
Note rate2.9%2.9%7.18%
Blended rate2.9%5.453%7.42%
1st payment$957.33$957.33$2,926.52
2nd payment$0.00$1,468.80$0.00
Taxes / mo$88.92$88.92$88.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,212.91$2,681.71$3,268.50
Cash to close$275,427$48,000$48,000