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$584,923$584,923$1,102,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$517,577$0
Funding fee$2,925$2,925$0
Note rate2.830%2.830%7.400%
Blended rate2.830%5.140%7.640%
1st payment$2,773.70$2,773.70$7,633.49
2nd payment$0.00$3,342.68$0.00
Taxes / mo$324.25$324.25$324.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$220.50
HOA / mo$157.00$157.00$157.00
Total monthly$3,471.61$6,814.30$8,551.90
Cash to close$640,077$122,500$122,500