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$368,805$368,805$477,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$108,195$0
Funding fee$1,844$1,844$0
Note rate2.830%2.830%7.400%
Blended rate2.830%4.003%7.640%
1st payment$1,753.05$1,753.05$3,302.65
2nd payment$0.00$721.30$0.00
Taxes / mo$204.42$204.42$204.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.40
HOA / mo$168.00$168.00$168.00
Total monthly$2,292.13$3,013.43$3,937.13
Cash to close$161,195$53,000$53,000