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$458,258$458,258$468,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$35,742$0
Funding fee$2,291$2,291$0
Note rate2.900%2.900%7.400%
Blended rate2.900%3.549%7.640%
1st payment$2,139.66$2,139.66$3,240.34
2nd payment$0.00$353.69$0.00
Taxes / mo$133.42$133.42$133.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.60
HOA / mo$106.00$106.00$106.00
Total monthly$2,545.74$2,899.43$3,740.02
Cash to close$61,742$26,000$52,000