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$325,397$325,397$434,250
Remaining term (yrs)25.025.030.0
Secondary amount$0$108,853$0
Funding fee$1,627$1,627$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.238%7.640%
1st payment$1,532.82$1,532.82$3,006.66
2nd payment$0.00$725.69$0.00
Taxes / mo$107.34$107.34$107.34
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.85
HOA / mo$50.00$50.00$50.00
Total monthly$1,856.82$2,582.51$3,417.51
Cash to close$157,103$48,250$48,250