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$334,216$334,216$503,100
Remaining term (yrs)23.823.830.0
Secondary amount$0$168,884$0
Funding fee$1,671$1,671$0
Note rate3.160%3.160%7.400%
Blended rate3.160%4.785%7.640%
1st payment$1,660.94$1,660.94$3,483.36
2nd payment$0.00$1,125.89$0.00
Taxes / mo$331.00$331.00$331.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.62
HOA / mo$0.00$0.00$0.00
Total monthly$2,158.60$3,284.50$4,081.65
Cash to close$224,784$55,900$55,900