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$2,228,350$2,228,350$2,160,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$51,650$0
Funding fee$11,142$11,142$0
Note rate6.3%6.3%7.18%
Blended rate6.3%6.426%7.42%
1st payment$13,926.89$13,926.89$14,632.59
2nd payment$0.00$511.12$0.00
Taxes / mo$96.67$96.67$96.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$432.00
HOA / mo$0.00$0.00$0.00
Total monthly$14,240.22$14,751.35$15,377.93
Cash to close$171,650$120,000$240,000