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$302,272$302,272$342,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$39,728$0
Funding fee$1,511$1,511$0
Note rate3.05%3.05%7.18%
Blended rate3.05%3.741%7.42%
1st payment$1,428.64$1,428.64$2,316.83
2nd payment$0.00$297.96$0.00
Taxes / mo$129.42$129.42$129.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$130.00$130.00$130.00
Total monthly$1,838.05$2,136.02$2,794.64
Cash to close$77,728$38,000$38,000