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$443,414$443,414$548,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$104,686$0
Funding fee$2,217$2,217$0
Note rate3.050%3.050%7.400%
Blended rate3.050%3.995%7.640%
1st payment$2,100.31$2,100.31$3,794.93
2nd payment$0.00$697.91$0.00
Taxes / mo$230.92$230.92$230.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$109.62
HOA / mo$20.00$20.00$20.00
Total monthly$2,517.90$3,215.80$4,322.14
Cash to close$165,586$60,900$60,900