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$479,346$479,346$692,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$212,754$0
Funding fee$2,397$2,397$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.370%7.640%
1st payment$2,230.68$2,230.68$4,791.96
2nd payment$0.00$1,374.04$0.00
Taxes / mo$306.42$306.42$306.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$138.42
HOA / mo$110.00$110.00$110.00
Total monthly$2,863.77$4,237.81$5,563.46
Cash to close$289,654$76,900$76,900