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$480,270$480,270$579,600
Remaining term (yrs)25.025.030.0
Secondary amount$0$99,330$0
Funding fee$2,401$2,401$0
Note rate3.010%3.010%7.400%
Blended rate3.010%4.037%7.640%
1st payment$2,269.87$2,269.87$4,013.03
2nd payment$0.00$744.98$0.00
Taxes / mo$232.17$232.17$232.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.92
HOA / mo$157.00$157.00$157.00
Total monthly$2,825.70$3,570.68$4,684.79
Cash to close$163,730$64,400$64,400