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	$280,840	$280,840	$675,000
Remaining term (yrs)	19.3	19.3	30.0
Secondary amount	$0	$394,160	$0
Funding fee	$1,404	$1,404	$0
Note rate	3.960%	3.960%	7.400%
Blended rate	3.960%	6.173%	7.640%
1st payment	$1,729.41	$1,729.41	$4,673.56
2nd payment	$0.00	$2,545.61	$0.00
Taxes / mo	$229.83	$229.83	$229.83
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$0.00	$0.00	$135.00
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,175.91	$4,721.52	$5,255.06
Cash to close	$469,160	$75,000	$75,000