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$502,454$502,454$697,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$195,046$0
Funding fee$2,512$2,512$0
Note rate2.75%2.75%7.18%
Blended rate2.75%4.218%7.42%
1st payment$2,367.80$2,367.80$4,725.11
2nd payment$0.00$1,300.31$0.00
Taxes / mo$289.08$289.08$289.08
Insurance / mo$0.00$0.00$0.00
MI / mo$0.00$0.00$139.50
HOA / mo$91.00$91.00$91.00
Total monthly$2,747.88$4,048.19$5,244.69
Cash to close$272,546$77,500$77,500