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$357,324$357,324$593,550
Remaining term (yrs)23.923.930.0
Secondary amount$0$236,226$0
Funding fee$1,787$1,787$0
Note rate3.020%3.020%7.400%
Blended rate3.020%4.902%7.640%
1st payment$1,745.68$1,745.68$4,109.62
2nd payment$0.00$1,525.62$0.00
Taxes / mo$249.00$249.00$249.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.71
HOA / mo$280.00$280.00$280.00
Total monthly$2,441.35$3,966.97$4,924.00
Cash to close$302,176$65,950$65,950