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$1,093,031$1,093,031$1,705,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$612,469$0
Funding fee$5,466$5,466$0
Note rate2.75%2.75%7.18%
Blended rate2.75%4.545%7.42%
1st payment$5,103.01$5,103.01$11,553.65
2nd payment$0.00$3,955.53$0.00
Taxes / mo$334.50$334.50$334.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$341.10
HOA / mo$0.00$0.00$0.00
Total monthly$5,654.18$9,609.71$12,445.92
Cash to close$801,969$189,500$189,500