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$368,686$368,686$1,440,000
Remaining term (yrs)20.520.530.0
Secondary amount$0$1,071,314$0
Funding fee$1,843$1,843$0
Note rate4.1%4.1%7.18%
Blended rate4.1%6.815%7.42%
1st payment$2,212.45$2,212.45$9,755.06
2nd payment$0.00$6,918.90$0.00
Taxes / mo$235.92$235.92$235.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$288.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,665.04$9,583.94$10,495.64
Cash to close$1,231,314$160,000$160,000