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$342,304$342,304$630,000
Remaining term (yrs)23.223.230.0
Secondary amount$0$287,696$0
Funding fee$1,712$1,712$0
Note rate3.74%3.74%7.18%
Blended rate3.74%5.571%7.42%
1st payment$1,834.34$1,834.34$4,267.84
2nd payment$0.00$1,858.04$0.00
Taxes / mo$240.83$240.83$240.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$31.67$31.67$31.67
Total monthly$2,273.51$4,131.55$4,833.01
Cash to close$357,696$70,000$70,000