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$446,798$446,798$526,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$79,702$0
Funding fee$2,234$2,234$0
Note rate6.820%6.820%7.400%
Blended rate6.820%7.150%7.640%
1st payment$3,004.99$3,004.99$3,645.38
2nd payment$0.00$597.76$0.00
Taxes / mo$168.08$168.08$168.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$105.30
HOA / mo$300.00$300.00$300.00
Total monthly$3,639.74$4,237.50$4,385.43
Cash to close$138,202$58,500$58,500