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$675,565$675,565$1,665,000
Remaining term (yrs)19.719.730.0
Secondary amount$0$989,435$0
Funding fee$3,378$3,378$0
Note rate3.6%3.6%7.18%
Blended rate3.6%6.066%7.42%
1st payment$3,975.51$3,975.51$11,279.29
2nd payment$0.00$6,390.10$0.00
Taxes / mo$402.00$402.00$402.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$333.00
HOA / mo$83.33$83.33$83.33
Total monthly$4,677.51$11,067.61$12,314.29
Cash to close$1,174,435$185,000$185,000