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$383,024$383,024$805,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$422,476$0
Funding fee$1,915$1,915$0
Note rate2.770%2.770%7.400%
Blended rate2.770%5.382%7.640%
1st payment$1,795.94$1,795.94$5,577.12
2nd payment$0.00$2,728.49$0.00
Taxes / mo$314.92$314.92$314.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.10
HOA / mo$169.00$169.00$169.00
Total monthly$2,496.53$5,225.02$6,438.80
Cash to close$511,976$89,500$89,500