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$506,078$506,078$517,500
Remaining term (yrs)29.329.330.0
Secondary amount$0$40,172$0
Funding fee$2,530$2,530$0
Note rate6.06%6.06%7.18%
Blended rate6.06%6.488%7.42%
1st payment$3,075.25$3,075.25$3,505.73
2nd payment$0.00$397.53$0.00
Taxes / mo$11.17$11.17$11.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,253.09$3,650.62$3,787.06
Cash to close$68,922$28,750$57,500