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$284,735$284,735$809,999
Remaining term (yrs)23.523.530.0
Secondary amount$0$525,264$0
Funding fee$1,424$1,424$0
Note rate3.470%3.470%7.400%
Blended rate3.470%6.245%7.640%
1st payment$1,474.72$1,474.72$5,608.27
2nd payment$0.00$3,392.33$0.00
Taxes / mo$387.67$387.67$387.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$162.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,079.05$5,471.38$6,374.60
Cash to close$615,264$90,000$90,000