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$339,852$339,852$427,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$87,648$0
Funding fee$1,699$1,699$0
Note rate3.45%3.45%7.18%
Blended rate3.45%4.588%7.42%
1st payment$1,674.81$1,674.81$2,896.03
2nd payment$0.00$657.36$0.00
Taxes / mo$152.00$152.00$152.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,993.47$2,650.83$3,300.20
Cash to close$135,148$47,500$47,500