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$582,795$582,795$1,192,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$609,705$0
Funding fee$2,914$2,914$0
Note rate6.63%6.63%7.18%
Blended rate6.63%7.203%7.42%
1st payment$3,843.85$3,843.85$8,078.41
2nd payment$0.00$3,937.68$0.00
Taxes / mo$172.67$172.67$172.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$238.50
HOA / mo$516.00$516.00$516.00
Total monthly$4,749.18$8,686.86$9,222.24
Cash to close$742,205$132,500$132,500