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$337,119$337,119$630,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$292,881$0
Funding fee$1,686$1,686$0
Note rate3.07%3.07%7.18%
Blended rate3.07%5.246%7.42%
1st payment$1,651.82$1,651.82$4,267.84
2nd payment$0.00$1,891.53$0.00
Taxes / mo$251.75$251.75$251.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$52.00$52.00$52.00
Total monthly$2,122.23$4,013.76$4,864.26
Cash to close$362,881$70,000$70,000