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$0$0$424,341
Remaining term (yrs)——30.0
Secondary amount$0$424,341$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate3.500%7.750%7.640%
1st payment$0.00$0.00$2,938.05
2nd payment$0.00$2,740.54$0.00
Taxes / mo$83.25$83.25$83.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.87
HOA / mo$111.00$111.00$111.00
Total monthly$360.92$3,101.45$3,383.84
Cash to close$471,490$47,149$47,149