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$498,465$498,465$506,700
Remaining term (yrs)26.626.630.0
Secondary amount$0$36,385$0
Funding fee$2,492$2,492$0
Note rate6.34%6.34%7.18%
Blended rate6.34%6.717%7.42%
1st payment$3,232.23$3,232.23$3,432.56
2nd payment$0.00$360.06$0.00
Taxes / mo$116.58$116.58$116.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.34
HOA / mo$30.00$30.00$30.00
Total monthly$3,545.48$3,905.54$3,847.15
Cash to close$64,535$28,150$56,300