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$372,128$372,128$567,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$194,872$0
Funding fee$1,861$1,861$0
Note rate3.1%3.1%7.18%
Blended rate3.1%4.784%7.42%
1st payment$1,772.40$1,772.40$3,841.06
2nd payment$0.00$1,299.14$0.00
Taxes / mo$172.00$172.00$172.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$113.40
HOA / mo$69.67$69.67$69.67
Total monthly$2,180.73$3,479.88$4,362.79
Cash to close$257,872$63,000$63,000