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$972,218$972,218$2,385,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$1,412,782$0
Funding fee$4,861$4,861$0
Note rate2.93%2.93%7.18%
Blended rate2.93%5.785%7.42%
1st payment$4,595.89$4,595.89$16,156.82
2nd payment$0.00$9,124.22$0.00
Taxes / mo$500.42$500.42$500.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$477.00
HOA / mo$375.00$375.00$375.00
Total monthly$5,687.97$14,812.19$17,725.90
Cash to close$1,677,782$265,000$265,000