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$272,590$272,590$288,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$31,410$0
Funding fee$1,363$1,363$0
Note rate2.81%2.81%7.18%
Blended rate2.81%3.747%7.42%
1st payment$1,283.71$1,283.71$1,951.01
2nd payment$0.00$310.83$0.00
Taxes / mo$48.25$48.25$48.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,481.96$1,792.79$2,206.86
Cash to close$47,410$16,000$32,000