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$402,115$402,115$495,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$92,885$0
Funding fee$2,011$2,011$0
Note rate3.09%3.09%7.18%
Blended rate3.09%4.199%7.42%
1st payment$1,913.11$1,913.11$3,353.30
2nd payment$0.00$696.64$0.00
Taxes / mo$123.75$123.75$123.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,203.53$2,900.16$3,742.72
Cash to close$147,885$55,000$55,000