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$565,773$565,773$605,700
Remaining term (yrs)25.425.430.0
Secondary amount$0$39,927$0
Funding fee$2,829$2,829$0
Note rate2.900%2.900%7.400%
Blended rate2.900%3.302%7.640%
1st payment$2,618.21$2,618.21$4,193.74
2nd payment$0.00$299.46$0.00
Taxes / mo$211.58$211.58$211.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.14
HOA / mo$135.00$135.00$135.00
Total monthly$3,131.46$3,430.91$4,828.13
Cash to close$107,227$67,300$67,300