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$296,764$296,764$495,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$198,236$0
Funding fee$1,484$1,484$0
Note rate2.86%2.86%7.18%
Blended rate2.86%4.918%7.42%
1st payment$1,385.77$1,385.77$3,353.30
2nd payment$0.00$1,321.58$0.00
Taxes / mo$77.33$77.33$77.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,629.77$2,951.35$3,696.30
Cash to close$253,236$55,000$55,000