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$391,009$391,009$526,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$135,491$0
Funding fee$1,955$1,955$0
Note rate3.12%3.12%7.18%
Blended rate3.12%4.376%7.42%
1st payment$1,862.39$1,862.39$3,566.69
2nd payment$0.00$903.27$0.00
Taxes / mo$189.92$189.92$189.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$105.30
HOA / mo$94.00$94.00$94.00
Total monthly$2,312.97$3,216.24$4,122.58
Cash to close$193,991$58,500$58,500