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$384,756$384,756$463,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$78,744$0
Funding fee$1,924$1,924$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.102%7.640%
1st payment$1,824.62$1,824.62$3,209.18
2nd payment$0.00$590.58$0.00
Taxes / mo$33.00$33.00$33.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$76.00$76.00$76.00
Total monthly$2,100.28$2,690.86$3,577.55
Cash to close$130,244$51,500$51,500