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$516,859$516,859$580,365
Remaining term (yrs)25.825.830.0
Secondary amount$0$63,506$0
Funding fee$2,584$2,584$0
Note rate5.54%5.54%7.18%
Blended rate5.54%5.919%7.42%
1st payment$3,134.40$3,134.40$3,931.59
2nd payment$0.00$476.29$0.00
Taxes / mo$235.08$235.08$235.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.07
HOA / mo$245.00$245.00$245.00
Total monthly$3,781.15$4,257.44$4,694.42
Cash to close$127,991$64,485$64,485