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$370,620$370,620$512,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$141,480$0
Funding fee$1,853$1,853$0
Note rate3.080%3.080%7.400%
Blended rate3.080%4.439%7.640%
1st payment$1,788.91$1,788.91$3,545.68
2nd payment$0.00$943.20$0.00
Taxes / mo$268.08$268.08$268.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,223.66$3,166.86$4,082.85
Cash to close$198,380$56,900$56,900