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$971,291$971,291$2,394,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$1,422,709$0
Funding fee$4,856$4,856$0
Note rate2.88%2.88%7.18%
Blended rate2.88%5.774%7.42%
1st payment$4,566.43$4,566.43$16,217.79
2nd payment$0.00$9,188.33$0.00
Taxes / mo$500.42$500.42$500.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$478.80
HOA / mo$375.00$375.00$375.00
Total monthly$5,658.51$14,846.84$17,788.67
Cash to close$1,688,709$266,000$266,000