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$311,947$311,947$661,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$349,553$0
Funding fee$1,560$1,560$0
Note rate3.230%3.230%7.400%
Blended rate3.230%5.618%7.640%
1st payment$1,565.29$1,565.29$4,580.09
2nd payment$0.00$2,257.53$0.00
Taxes / mo$184.25$184.25$184.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$132.30
HOA / mo$47.33$47.33$47.33
Total monthly$2,013.54$4,271.07$5,160.64
Cash to close$423,053$73,500$73,500