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$315,115$315,115$431,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$115,985$0
Funding fee$1,576$1,576$0
Note rate6.2%6.2%7.18%
Blended rate6.2%6.684%7.42%
1st payment$1,978.27$1,978.27$2,920.42
2nd payment$0.00$773.23$0.00
Taxes / mo$138.75$138.75$138.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.22
HOA / mo$92.00$92.00$92.00
Total monthly$2,375.69$3,148.93$3,404.06
Cash to close$163,885$47,900$47,900