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$544,992$544,992$540,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$25,008$0
Funding fee$2,725$2,725$0
Note rate6.35%6.35%7.18%
Blended rate6.35%6.592%7.42%
1st payment$3,473.63$3,473.63$3,658.15
2nd payment$0.00$247.48$0.00
Taxes / mo$164.42$164.42$164.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$94.00$94.00$94.00
Total monthly$3,898.71$4,146.19$4,191.23
Cash to close$55,008$30,000$60,000