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$371,025$371,025$378,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$27,975$0
Funding fee$1,855$1,855$0
Note rate2.9%2.9%7.18%
Blended rate2.9%3.529%7.42%
1st payment$1,748.17$1,748.17$2,560.70
2nd payment$0.00$276.83$0.00
Taxes / mo$200.92$200.92$200.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,099.08$2,375.92$2,987.22
Cash to close$48,975$21,000$42,000