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$456,275$456,275$485,100
Remaining term (yrs)25.525.530.0
Secondary amount$0$28,825$0
Funding fee$2,281$2,281$0
Note rate3.760%3.760%7.400%
Blended rate3.760%4.071%7.640%
1st payment$2,316.10$2,316.10$3,358.73
2nd payment$0.00$216.19$0.00
Taxes / mo$224.25$224.25$224.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.02
HOA / mo$289.00$289.00$289.00
Total monthly$2,996.01$3,212.20$4,135.67
Cash to close$82,725$53,900$53,900