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$722,469$722,469$1,080,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$357,531$0
Funding fee$3,612$3,612$0
Note rate3.000%3.000%7.400%
Blended rate3.000%4.572%7.640%
1st payment$3,457.15$3,457.15$7,477.70
2nd payment$0.00$2,309.05$0.00
Taxes / mo$313.92$313.92$313.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$216.00
HOA / mo$85.50$85.50$85.50
Total monthly$4,073.24$6,382.29$8,309.79
Cash to close$477,531$120,000$120,000