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$409,471$409,471$486,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$76,529$0
Funding fee$2,047$2,047$0
Note rate5.41%5.41%7.18%
Blended rate5.41%5.975%7.42%
1st payment$2,451.11$2,451.11$3,292.33
2nd payment$0.00$573.97$0.00
Taxes / mo$214.42$214.42$214.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.20
HOA / mo$4.00$4.00$4.00
Total monthly$2,836.19$3,410.16$3,774.62
Cash to close$130,529$54,000$54,000