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$79,731$79,731$360,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$280,269$0
Funding fee$399$399$0
Note rate2.86%2.86%7.18%
Blended rate2.86%6.667%7.42%
1st payment$371.46$371.46$2,438.77
2nd payment$0.00$1,810.07$0.00
Taxes / mo$138.42$138.42$138.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$62.00$62.00$62.00
Total monthly$721.88$2,531.95$2,861.18
Cash to close$320,269$40,000$40,000