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$273,234$273,234$288,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$30,766$0
Funding fee$1,366$1,366$0
Note rate2.810%2.810%7.320%
Blended rate2.810%3.727%7.560%
1st payment$1,283.71$1,283.71$1,978.36
2nd payment$0.00$304.46$0.00
Taxes / mo$48.25$48.25$48.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,481.96$1,786.42$2,234.21
Cash to close$46,766$16,000$32,000