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$353,408$353,408$512,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$159,502$0
Funding fee$1,767$1,767$0
Note rate3.160%3.160%7.400%
Blended rate3.160%4.665%7.640%
1st payment$1,756.31$1,756.31$3,551.29
2nd payment$0.00$1,063.35$0.00
Taxes / mo$119.92$119.92$119.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,042.90$3,106.25$3,940.45
Cash to close$216,492$56,990$56,990