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$206,859$206,859$301,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$94,641$0
Funding fee$1,034$1,034$0
Note rate3%3%7.18%
Blended rate3%4.883%7.42%
1st payment$987.61$987.61$2,042.47
2nd payment$0.00$709.81$0.00
Taxes / mo$68.67$68.67$68.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$54.00$54.00$54.00
Total monthly$1,260.27$1,970.08$2,375.43
Cash to close$128,141$33,500$33,500