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$410,432$410,432$832,399
Remaining term (yrs)24.324.330.0
Secondary amount$0$421,968$0
Funding fee$2,052$2,052$0
Note rate2.74%2.74%7.18%
Blended rate2.74%5.28%7.42%
1st payment$1,922.77$1,922.77$5,638.96
2nd payment$0.00$2,725.21$0.00
Taxes / mo$223.58$223.58$223.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$166.48
HOA / mo$50.00$50.00$50.00
Total monthly$2,413.02$5,138.23$6,295.69
Cash to close$514,456$92,489$92,489