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$415,851$415,851$764,798
Remaining term (yrs)25.225.230.0
Secondary amount$0$348,946$0
Funding fee$2,079$2,079$0
Note rate3.070%3.070%7.400%
Blended rate3.070%5.205%7.640%
1st payment$1,969.80$1,969.80$5,295.30
2nd payment$0.00$2,253.61$0.00
Taxes / mo$236.17$236.17$236.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$152.96
HOA / mo$0.00$0.00$0.00
Total monthly$2,422.64$4,676.25$5,901.10
Cash to close$433,924$84,978$84,978