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$345,854$345,854$404,550
Remaining term (yrs)28.828.830.0
Secondary amount$0$58,696$0
Funding fee$1,729$1,729$0
Note rate6.630%6.630%7.400%
Blended rate6.630%6.974%7.640%
1st payment$2,242.25$2,242.25$2,801.02
2nd payment$0.00$440.22$0.00
Taxes / mo$193.25$193.25$193.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.91
HOA / mo$147.00$147.00$147.00
Total monthly$2,732.50$3,172.72$3,372.18
Cash to close$103,646$44,950$44,950