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$318,141$318,141$809,990
Remaining term (yrs)13.913.930.0
Secondary amount$0$491,849$0
Funding fee$1,591$1,591$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.259%7.640%
1st payment$2,889.03$2,889.03$5,608.21
2nd payment$0.00$3,176.52$0.00
Taxes / mo$469.00$469.00$469.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$162.00
HOA / mo$146.00$146.00$146.00
Total monthly$3,720.69$6,897.22$6,601.87
Cash to close$581,848$89,999$89,999