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$519,358$519,358$764,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$245,552$0
Funding fee$2,597$2,597$0
Note rate3.020%3.020%7.400%
Blended rate3.020%4.538%7.640%
1st payment$2,468.26$2,468.26$5,296.08
2nd payment$0.00$1,585.86$0.00
Taxes / mo$379.67$379.67$379.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$152.98
HOA / mo$30.00$30.00$30.00
Total monthly$3,094.59$4,680.45$6,075.40
Cash to close$330,542$84,990$84,990