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$674,934$674,934$3,059,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$2,384,166$0
Funding fee$3,375$3,375$0
Note rate3.02%3.02%7.18%
Blended rate3.02%6.706%7.42%
1st payment$3,251.53$3,251.53$20,723.41
2nd payment$0.00$15,397.74$0.00
Taxes / mo$868.17$868.17$868.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$611.82
HOA / mo$152.58$152.58$152.58
Total monthly$4,488.95$19,886.69$22,572.64
Cash to close$2,724,066$339,900$339,900