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$280,380$280,380$440,910
Remaining term (yrs)25.325.330.0
Secondary amount$0$160,530$0
Funding fee$1,402$1,402$0
Note rate3.110%3.110%7.240%
Blended rate3.110%4.890%7.480%
1st payment$1,333.99$1,333.99$3,004.79
2nd payment$0.00$1,070.20$0.00
Taxes / mo$143.25$143.25$143.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.18
HOA / mo$113.00$113.00$113.00
Total monthly$1,756.90$2,827.10$3,515.89
Cash to close$209,520$48,990$48,990