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$435,975$435,975$449,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$38,930$0
Funding fee$2,170$2,170$0
Note rate3.250%3.250%7.400%
Blended rate3.250%3.960%7.640%
1st payment$2,119.11$2,119.11$3,115.09
2nd payment$0.00$385.24$0.00
Taxes / mo$162.42$162.42$162.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.98
HOA / mo$68.67$68.67$68.67
Total monthly$2,516.86$2,902.10$3,602.82
Cash to close$63,925$24,995$49,990