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$432,110$432,110$539,910
Remaining term (yrs)28.528.530.0
Secondary amount$0$107,800$0
Funding fee$2,161$2,161$0
Note rate6.620%6.620%7.400%
Blended rate6.620%6.896%7.640%
1st payment$2,809.51$2,809.51$3,738.23
2nd payment$0.00$718.67$0.00
Taxes / mo$88.08$88.08$88.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,064.26$3,782.93$4,100.96
Cash to close$167,790$59,990$59,990