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$570,495$570,495$670,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$100,005$0
Funding fee$2,852$2,852$0
Note rate3.45%3.45%7.18%
Blended rate3.45%4.129%7.42%
1st payment$2,811.43$2,811.43$4,542.20
2nd payment$0.00$666.70$0.00
Taxes / mo$198.67$198.67$198.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$134.10
HOA / mo$180.00$180.00$180.00
Total monthly$3,406.76$4,073.46$5,271.63
Cash to close$174,505$74,500$74,500