Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

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$641,593$641,593$1,665,000
Remaining term (yrs)23.223.230.0
Secondary amount$0$1,023,407$0
Funding fee$3,208$3,208$0
Note rate3.640%3.640%7.400%
Blended rate3.640%6.166%7.640%
1st payment$3,403.88$3,403.88$11,528.12
2nd payment$0.00$6,609.50$0.00
Taxes / mo$545.17$545.17$545.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$333.00
HOA / mo$178.00$178.00$178.00
Total monthly$4,343.71$10,953.21$12,800.96
Cash to close$1,208,407$185,000$185,000