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$382,736$382,736$625,500
Remaining term (yrs)22.822.830.0
Secondary amount$0$242,764$0
Funding fee$1,914$1,914$0
Note rate3.6%3.6%7.18%
Blended rate3.6%5.211%7.42%
1st payment$2,045.90$2,045.90$4,237.35
2nd payment$0.00$1,567.85$0.00
Taxes / mo$242.50$242.50$242.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.10
HOA / mo$9.17$9.17$9.17
Total monthly$2,464.24$4,032.09$4,780.79
Cash to close$312,264$69,500$69,500