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$838,060$838,060$1,062,000
Remaining term (yrs)27.227.230.0
Secondary amount$0$223,940$0
Funding fee$4,190$4,190$0
Note rate6.95%6.95%7.18%
Blended rate6.95%7.119%7.42%
1st payment$5,713.27$5,713.27$7,194.36
2nd payment$0.00$1,446.28$0.00
Taxes / mo$377.17$377.17$377.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$212.40
HOA / mo$140.00$140.00$140.00
Total monthly$6,447.11$7,893.39$8,140.59
Cash to close$341,940$118,000$118,000