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$263,424$263,424$405,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$141,576$0
Funding fee$1,317$1,317$0
Note rate2.88%2.88%7.18%
Blended rate2.88%4.67%7.42%
1st payment$1,230.01$1,230.01$2,743.61
2nd payment$0.00$943.84$0.00
Taxes / mo$83.08$83.08$83.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$291.33$291.33$291.33
Total monthly$1,754.42$2,698.26$3,349.02
Cash to close$186,576$45,000$45,000