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$499,582$499,582$584,910
Remaining term (yrs)28.028.030.0
Secondary amount$0$85,328$0
Funding fee$2,498$2,498$0
Note rate6.2%6.2%7.18%
Blended rate6.2%6.608%7.42%
1st payment$3,132.88$3,132.88$3,962.38
2nd payment$0.00$639.96$0.00
Taxes / mo$208.08$208.08$208.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,507.63$4,147.60$4,454.12
Cash to close$150,318$64,990$64,990