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$300,650$300,650$440,910
Remaining term (yrs)25.225.230.0
Secondary amount$0$140,260$0
Funding fee$1,503$1,503$0
Note rate3.12%3.12%7.18%
Blended rate3.12%4.672%7.42%
1st payment$1,432.01$1,432.01$2,986.88
2nd payment$0.00$935.06$0.00
Taxes / mo$208.00$208.00$208.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.18
HOA / mo$103.67$103.67$103.67
Total monthly$1,910.34$2,845.41$3,553.40
Cash to close$189,250$48,990$48,990