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$123,472$123,472$584,910
Remaining term (yrs)6.66.630.0
Secondary amount$0$461,438$0
Funding fee$617$617$0
Note rate2.660%2.660%7.400%
Blended rate2.660%6.676%7.640%
1st payment$1,666.97$1,666.97$4,049.80
2nd payment$0.00$2,980.12$0.00
Taxes / mo$324.58$324.58$324.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.98
HOA / mo$4.33$4.33$4.33
Total monthly$2,162.55$5,142.67$4,662.36
Cash to close$526,428$64,990$64,990