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$329,433$329,433$359,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$29,667$0
Funding fee$1,647$1,647$0
Note rate3.100%3.100%7.400%
Blended rate3.100%3.587%7.640%
1st payment$1,562.26$1,562.26$2,486.34
2nd payment$0.00$222.50$0.00
Taxes / mo$280.28$280.28$280.28
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$8.00$8.00$8.00
Total monthly$2,000.54$2,223.04$2,996.44
Cash to close$69,567$39,900$39,900