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$518,868$518,868$607,499
Remaining term (yrs)24.924.930.0
Secondary amount$0$88,631$0
Funding fee$2,583$2,583$0
Note rate3.1%3.1%7.18%
Blended rate3.1%3.964%7.42%
1st payment$2,476.70$2,476.70$4,115.41
2nd payment$0.00$664.73$0.00
Taxes / mo$259.50$259.50$259.50
Insurance / mo$0.00$0.00$0.00
MI / mo$0.00$0.00$121.50
HOA / mo$125.00$125.00$125.00
Total monthly$2,861.20$3,525.93$4,621.41
Cash to close$156,131$67,500$67,500