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$361,535$361,535$575,910
Remaining term (yrs)22.822.830.0
Secondary amount$0$214,375$0
Funding fee$1,808$1,808$0
Note rate3.75%3.75%7.18%
Blended rate3.75%5.239%7.42%
1st payment$1,961.43$1,961.43$3,901.41
2nd payment$0.00$1,384.51$0.00
Taxes / mo$246.42$246.42$246.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.18
HOA / mo$113.00$113.00$113.00
Total monthly$2,487.52$3,872.02$4,542.68
Cash to close$278,365$63,990$63,990