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$429,481$429,481$729,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$299,519$0
Funding fee$2,147$2,147$0
Note rate2.750%2.750%7.400%
Blended rate2.750%4.804%7.640%
1st payment$2,043.78$2,043.78$5,047.45
2nd payment$0.00$1,934.39$0.00
Taxes / mo$329.08$329.08$329.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$145.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,589.53$4,523.92$5,739.00
Cash to close$380,519$81,000$81,000