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$401,567$401,567$630,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$228,433$0
Funding fee$2,008$2,008$0
Note rate2.875%2.875%7.400%
Blended rate2.875%4.643%7.640%
1st payment$1,891.25$1,891.25$4,361.99
2nd payment$0.00$1,475.30$0.00
Taxes / mo$222.58$222.58$222.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$91.67$91.67$91.67
Total monthly$2,372.17$3,847.46$4,968.91
Cash to close$298,433$70,000$70,000