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$527,340$527,340$1,348,200
Remaining term (yrs)29.529.530.0
Secondary amount$0$820,860$0
Funding fee$2,637$2,637$0
Note rate6.22%6.22%7.18%
Blended rate6.22%7.152%7.42%
1st payment$3,252.32$3,252.32$9,133.18
2nd payment$0.00$5,301.39$0.00
Taxes / mo$317.33$317.33$317.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$269.64
HOA / mo$503.00$503.00$503.00
Total monthly$4,289.32$9,590.71$10,439.82
Cash to close$970,660$149,800$149,800