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$822,185$822,185$1,259,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$436,915$0
Funding fee$4,111$4,111$0
Note rate3.02%3.02%7.18%
Blended rate3.02%4.661%7.42%
1st payment$3,942.85$3,942.85$8,529.58
2nd payment$0.00$2,821.74$0.00
Taxes / mo$586.08$586.08$586.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$251.82
HOA / mo$200.00$200.00$200.00
Total monthly$4,945.60$7,767.34$9,784.15
Cash to close$576,815$139,900$139,900