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$372,152$372,152$387,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$36,348$0
Funding fee$1,861$1,861$0
Note rate3.070%3.070%7.400%
Blended rate3.070%3.853%7.640%
1st payment$1,762.81$1,762.81$2,679.51
2nd payment$0.00$359.69$0.00
Taxes / mo$114.17$114.17$114.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,026.98$2,386.67$3,021.08
Cash to close$57,848$21,500$43,000