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$252,837$252,837$508,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$255,663$0
Funding fee$1,264$1,264$0
Note rate2.96%2.96%7.18%
Blended rate2.96%5.368%7.42%
1st payment$1,199.14$1,199.14$3,444.76
2nd payment$0.00$1,651.15$0.00
Taxes / mo$186.17$186.17$186.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.70
HOA / mo$85.00$85.00$85.00
Total monthly$1,636.98$3,288.13$3,984.29
Cash to close$312,163$56,500$56,500