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$510,305$510,305$540,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$29,695$0
Funding fee$2,552$2,552$0
Note rate6.79%6.79%7.18%
Blended rate6.79%6.912%7.42%
1st payment$3,451.67$3,451.67$3,658.15
2nd payment$0.00$222.72$0.00
Taxes / mo$170.67$170.67$170.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$104.00$104.00$104.00
Total monthly$3,893.01$4,115.72$4,207.48
Cash to close$89,695$60,000$60,000