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$311,642$311,642$398,700
Remaining term (yrs)25.125.130.0
Secondary amount$0$87,058$0
Funding fee$1,558$1,558$0
Note rate3.1%3.1%7.18%
Blended rate3.1%4.388%7.42%
1st payment$1,484.31$1,484.31$2,700.93
2nd payment$0.00$652.93$0.00
Taxes / mo$116.67$116.67$116.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.74
HOA / mo$145.00$145.00$145.00
Total monthly$1,895.98$2,548.91$3,192.34
Cash to close$131,358$44,300$44,300