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$503,667$503,667$697,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$193,833$0
Funding fee$2,518$2,518$0
Note rate2.750%2.750%7.400%
Blended rate2.750%4.209%7.640%
1st payment$2,367.80$2,367.80$4,829.35
2nd payment$0.00$1,292.22$0.00
Taxes / mo$289.08$289.08$289.08
Insurance / mo$0.00$0.00$0.00
MI / mo$0.00$0.00$139.50
HOA / mo$91.00$91.00$91.00
Total monthly$2,747.88$4,040.10$5,348.93
Cash to close$271,333$77,500$77,500