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$564,300
Remaining term (yrs)23.123.130.0
Secondary amount$0$206,102$0
Funding fee$1,791$1,791$0
Note rate3.690%3.690%7.400%
Blended rate3.690%5.173%7.640%
1st payment$1,914.25$1,914.25$3,907.10
2nd payment$0.00$1,331.08$0.00
Taxes / mo$225.92$225.92$225.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.86
HOA / mo$210.00$210.00$210.00
Total monthly$2,516.83$3,847.91$4,622.54
Cash to close$268,802$62,700$62,700