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$320,497$320,497$1,255,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$935,003$0
Funding fee$1,602$1,602$0
Note rate2.87%2.87%7.18%
Blended rate2.87%6.504%7.42%
1st payment$1,494.85$1,494.85$8,505.19
2nd payment$0.00$6,038.56$0.00
Taxes / mo$487.25$487.25$487.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$251.10
HOA / mo$150.00$150.00$150.00
Total monthly$2,348.77$8,387.32$9,610.21
Cash to close$1,074,503$139,500$139,500