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$359,401$359,401$463,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$104,099$0
Funding fee$1,797$1,797$0
Note rate3.1%3.1%7.18%
Blended rate3.1%4.201%7.42%
1st payment$1,708.07$1,708.07$3,139.91
2nd payment$0.00$693.99$0.00
Taxes / mo$139.83$139.83$139.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$56.67$56.67$56.67
Total monthly$2,071.24$2,765.23$3,595.78
Cash to close$155,599$51,500$51,500