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$360,727$360,727$652,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$291,773$0
Funding fee$1,804$1,804$0
Note rate5.270%5.270%7.400%
Blended rate5.270%6.379%7.640%
1st payment$2,138.85$2,138.85$4,517.78
2nd payment$0.00$1,884.37$0.00
Taxes / mo$249.50$249.50$249.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.50
HOA / mo$114.67$114.67$114.67
Total monthly$2,719.69$4,604.05$5,229.11
Cash to close$364,273$72,500$72,500