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$358,198$358,198$585,000
Remaining term (yrs)23.123.130.0
Secondary amount$0$226,802$0
Funding fee$1,791$1,791$0
Note rate3.690%3.690%7.400%
Blended rate3.690%5.264%7.640%
1st payment$1,914.25$1,914.25$4,050.42
2nd payment$0.00$1,464.77$0.00
Taxes / mo$218.75$218.75$218.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$205.00$205.00$205.00
Total monthly$2,504.66$3,969.43$4,757.84
Cash to close$291,802$65,000$65,000