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$429,257$429,257$1,102,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$673,243$0
Funding fee$2,146$2,146$0
Note rate3.3%3.3%7.18%
Blended rate3.3%6.017%7.42%
1st payment$2,184.81$2,184.81$7,468.72
2nd payment$0.00$4,348.03$0.00
Taxes / mo$349.67$349.67$349.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$220.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,751.15$7,099.18$8,255.55
Cash to close$795,743$122,500$122,500