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$462,274$462,274$557,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$95,636$0
Funding fee$2,311$2,311$0
Note rate3.090%3.090%7.400%
Blended rate3.090%4.103%7.640%
1st payment$2,199.32$2,199.32$3,862.86
2nd payment$0.00$717.27$0.00
Taxes / mo$238.08$238.08$238.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.58
HOA / mo$128.00$128.00$128.00
Total monthly$2,732.07$3,449.34$4,507.19
Cash to close$157,626$61,990$61,990