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$450,475$450,475$454,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$29,275$0
Funding fee$2,252$2,252$0
Note rate6.35%6.35%7.18%
Blended rate6.35%6.687%7.42%
1st payment$2,923.89$2,923.89$3,078.94
2nd payment$0.00$289.71$0.00
Taxes / mo$188.67$188.67$188.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.90
HOA / mo$112.00$112.00$112.00
Total monthly$3,391.22$3,680.92$3,637.17
Cash to close$54,525$25,250$50,500