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$514,425$514,425$540,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$25,575$0
Funding fee$2,572$2,572$0
Note rate6.86%6.86%7.18%
Blended rate6.86%6.961%7.42%
1st payment$3,455.62$3,455.62$3,658.15
2nd payment$0.00$191.82$0.00
Taxes / mo$247.58$247.58$247.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$43.33$43.33$43.33
Total monthly$3,913.20$4,105.01$4,223.73
Cash to close$85,575$60,000$60,000