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$402,504$402,504$409,500
Remaining term (yrs)27.727.730.0
Secondary amount$0$29,746$0
Funding fee$2,013$2,013$0
Note rate6.92%6.92%7.18%
Blended rate6.92%7.261%7.42%
1st payment$2,719.61$2,719.61$2,774.10
2nd payment$0.00$294.36$0.00
Taxes / mo$101.83$101.83$101.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$81.90
HOA / mo$50.00$50.00$50.00
Total monthly$3,038.11$3,332.47$3,174.50
Cash to close$52,496$22,750$45,500