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	$633,787	$633,787	$675,000
Remaining term (yrs)	29.0	29.0	30.0
Secondary amount	$0	$41,213	$0
Funding fee	$3,169	$3,169	$0
Note rate	6.560%	6.560%	7.400%
Blended rate	6.560%	6.709%	7.640%
1st payment	$4,072.14	$4,072.14	$4,673.56
2nd payment	$0.00	$309.10	$0.00
Taxes / mo	$239.17	$239.17	$239.17
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$0.00	$0.00	$135.00
HOA / mo	$58.33	$58.33	$58.33
Total monthly	$4,586.31	$4,895.40	$5,322.73
Cash to close	$116,213	$75,000	$75,000