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$484,055$484,055$652,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$168,445$0
Funding fee$2,420$2,420$0
Note rate2.77%2.77%7.18%
Blended rate2.77%4.12%7.42%
1st payment$2,243.15$2,243.15$4,420.26
2nd payment$0.00$1,122.97$0.00
Taxes / mo$333.67$333.67$333.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.50
HOA / mo$78.00$78.00$78.00
Total monthly$2,871.48$3,994.45$5,179.10
Cash to close$240,945$72,500$72,500