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$373,262$373,262$467,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$94,648$0
Funding fee$1,866$1,866$0
Note rate2.250%2.250%7.400%
Blended rate2.250%3.615%7.640%
1st payment$1,627.91$1,627.91$3,239.71
2nd payment$0.00$709.86$0.00
Taxes / mo$148.75$148.75$148.75
Insurance / mo$0.00$0.00$0.00
MI / mo$0.00$0.00$93.58
HOA / mo$62.00$62.00$62.00
Total monthly$1,838.66$2,548.52$3,544.05
Cash to close$146,638$51,990$51,990