Elevate48
Call Ashlea

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$340,321$340,321$494,100
Remaining term (yrs)27.327.330.0
Secondary amount$0$153,779$0
Funding fee$1,702$1,702$0
Note rate6.5%6.5%7.18%
Blended rate6.5%6.967%7.42%
1st payment$2,218.56$2,218.56$3,347.21
2nd payment$0.00$1,025.20$0.00
Taxes / mo$144.25$144.25$144.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.82
HOA / mo$94.00$94.00$94.00
Total monthly$2,623.48$3,648.67$3,850.94
Cash to close$208,679$54,900$54,900