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$302,321$302,321$463,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$161,179$0
Funding fee$1,512$1,512$0
Note rate3.470%3.470%7.400%
Blended rate3.470%5.045%7.640%
1st payment$1,565.80$1,565.80$3,209.18
2nd payment$0.00$1,074.53$0.00
Taxes / mo$138.42$138.42$138.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,870.88$2,945.41$3,606.96
Cash to close$212,679$51,500$51,500