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$299,348$299,348$318,330
Remaining term (yrs)24.524.530.0
Secondary amount$0$36,667$0
Funding fee$1,497$1,497$0
Note rate3.08%3.08%7.18%
Blended rate3.08%4.04%7.42%
1st payment$1,448.16$1,448.16$2,156.48
2nd payment$0.00$362.85$0.00
Taxes / mo$77.58$77.58$77.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.67
HOA / mo$84.67$84.67$84.67
Total monthly$1,760.42$2,123.27$2,532.40
Cash to close$54,352$17,685$35,370