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$417,213$417,213$2,497,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$2,080,287$0
Funding fee$2,086$2,086$0
Note rate2.680%2.680%7.400%
Blended rate2.680%6.903%7.640%
1st payment$1,941.81$1,941.81$17,292.19
2nd payment$0.00$13,435.19$0.00
Taxes / mo$690.58$690.58$690.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$499.50
HOA / mo$178.00$178.00$178.00
Total monthly$3,027.06$16,462.25$18,876.94
Cash to close$2,357,787$277,500$277,500