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$276,652$276,652$481,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$204,848$0
Funding fee$1,383$1,383$0
Note rate2.6%2.6%7.18%
Blended rate2.6%4.791%7.42%
1st payment$1,261.07$1,261.07$3,261.85
2nd payment$0.00$1,322.98$0.00
Taxes / mo$106.33$106.33$106.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.30
HOA / mo$41.67$41.67$41.67
Total monthly$1,575.74$2,898.72$3,672.82
Cash to close$258,348$53,500$53,500