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$277,932$277,932$341,999
Remaining term (yrs)25.225.230.0
Secondary amount$0$64,067$0
Funding fee$1,390$1,390$0
Note rate3.100%3.100%7.240%
Blended rate3.100%4.205%7.480%
1st payment$1,323.75$1,323.75$2,330.72
2nd payment$0.00$480.50$0.00
Taxes / mo$107.92$107.92$107.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$85.00$85.00$85.00
Total monthly$1,666.67$2,147.17$2,742.03
Cash to close$102,067$38,000$38,000