Jeremy Fierstein | Elevate48

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	$175,500	$175,500	$359,910
Remaining term (yrs)	24.2	24.2	30.0
Secondary amount	$0	$184,410	$0
Funding fee	$877	$877	$0
Note rate	2.770%	2.770%	7.400%
Blended rate	2.770%	5.450%	7.640%
1st payment	$826.83	$826.83	$2,491.94
2nd payment	$0.00	$1,229.40	$0.00
Taxes / mo	$158.25	$158.25	$158.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$71.98
HOA / mo	$100.00	$100.00	$100.00
Total monthly	$1,235.08	$2,464.49	$2,972.18
Cash to close	$224,400	$39,990	$39,990