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$337,511$337,511$476,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$138,589$0
Funding fee$1,688$1,688$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.505%7.640%
1st payment$1,598.72$1,598.72$3,296.42
2nd payment$0.00$923.93$0.00
Taxes / mo$175.58$175.58$175.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,940.97$2,864.90$3,733.89
Cash to close$191,489$52,900$52,900