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$442,428$442,428$1,169,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$726,672$0
Funding fee$2,212$2,212$0
Note rate2.880%2.880%7.400%
Blended rate2.880%5.907%7.640%
1st payment$2,129.57$2,129.57$8,094.61
2nd payment$0.00$4,693.09$0.00
Taxes / mo$173.67$173.67$173.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$233.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,519.90$7,213.00$8,718.77
Cash to close$856,572$129,900$129,900