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$604,693$604,693$809,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$204,407$0
Funding fee$3,023$3,023$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.275%7.640%
1st payment$2,873.82$2,873.82$5,602.04
2nd payment$0.00$1,320.13$0.00
Taxes / mo$323.25$323.25$323.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.82
HOA / mo$173.00$173.00$173.00
Total monthly$3,586.74$4,906.87$6,476.78
Cash to close$294,307$89,900$89,900