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$343,675$343,675$540,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$196,325$0
Funding fee$1,718$1,718$0
Note rate3.21%3.21%7.18%
Blended rate3.21%4.951%7.42%
1st payment$1,720.91$1,720.91$3,658.15
2nd payment$0.00$1,308.83$0.00
Taxes / mo$253.42$253.42$253.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$237.00$237.00$237.00
Total monthly$2,377.99$3,686.82$4,423.23
Cash to close$256,325$60,000$60,000