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$920,588$920,588$1,845,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$924,412$0
Funding fee$4,603$4,603$0
Note rate3.170%3.170%7.240%
Blended rate3.170%5.465%7.480%
1st payment$4,496.85$4,496.85$12,573.64
2nd payment$0.00$5,970.16$0.00
Taxes / mo$364.67$364.67$364.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$369.00
HOA / mo$85.33$85.33$85.33
Total monthly$5,163.51$11,133.68$13,609.30
Cash to close$1,129,412$205,000$205,000