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$610,571$610,571$1,615,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$1,004,929$0
Funding fee$3,053$3,053$0
Note rate2.940%2.940%7.400%
Blended rate2.940%5.932%7.640%
1st payment$2,882.90$2,882.90$11,185.40
2nd payment$0.00$6,490.17$0.00
Taxes / mo$517.58$517.58$517.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$323.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,617.15$10,107.31$12,242.75
Cash to close$1,184,429$179,500$179,500