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$405,555$405,555$593,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$187,545$0
Funding fee$2,028$2,028$0
Note rate3.45%3.45%7.18%
Blended rate3.45%4.889%7.42%
1st payment$1,998.59$1,998.59$4,017.87
2nd payment$0.00$1,250.30$0.00
Taxes / mo$162.50$162.50$162.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.62
HOA / mo$72.00$72.00$72.00
Total monthly$2,399.76$3,650.06$4,537.65
Cash to close$253,445$65,900$65,900