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$596,324$596,324$832,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$236,176$0
Funding fee$2,982$2,982$0
Note rate2.75%2.75%7.18%
Blended rate2.75%4.168%7.42%
1st payment$2,770.24$2,770.24$5,639.64
2nd payment$0.00$1,525.31$0.00
Taxes / mo$173.08$173.08$173.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$166.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,159.99$4,685.30$6,195.89
Cash to close$328,676$92,500$92,500