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$621,236$621,236$616,500
Remaining term (yrs)28.128.130.0
Secondary amount$0$29,514$0
Funding fee$3,106$3,106$0
Note rate6.12%6.12%7.18%
Blended rate6.12%6.381%7.42%
1st payment$3,859.88$3,859.88$4,176.39
2nd payment$0.00$292.06$0.00
Taxes / mo$196.83$196.83$196.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$123.30
HOA / mo$66.00$66.00$66.00
Total monthly$4,289.38$4,581.44$4,729.19
Cash to close$63,764$34,250$68,500