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$281,548$281,548$517,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$235,952$0
Funding fee$1,427$1,427$0
Note rate2.25%2.25%7.18%
Blended rate2.25%4.739%7.42%
1st payment$1,251.21$1,251.21$3,505.73
2nd payment$0.00$1,523.86$0.00
Taxes / mo$196.83$196.83$196.83
Insurance / mo$100.00$100.00$100.00
MI / mo$0.00$0.00$103.50
HOA / mo$102.00$102.00$102.00
Total monthly$1,650.05$3,173.90$4,008.06
Cash to close$293,452$57,500$57,500