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$519,948$519,948$625,500
Remaining term (yrs)29.129.130.0
Secondary amount$0$105,552$0
Funding fee$2,600$2,600$0
Note rate6.3%6.3%7.18%
Blended rate6.3%6.587%7.42%
1st payment$3,249.61$3,249.61$4,237.35
2nd payment$0.00$703.68$0.00
Taxes / mo$34.17$34.17$34.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.10
HOA / mo$175.00$175.00$175.00
Total monthly$3,625.44$4,329.12$4,738.29
Cash to close$175,052$69,500$69,500