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$413,081$413,081$787,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$374,419$0
Funding fee$2,065$2,065$0
Note rate2.74%2.74%7.18%
Blended rate2.74%5.122%7.42%
1st payment$1,935.18$1,935.18$5,334.80
2nd payment$0.00$2,418.12$0.00
Taxes / mo$382.08$382.08$382.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$157.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,533.93$4,952.05$6,091.05
Cash to close$461,919$87,500$87,500