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$307,680$307,680$382,410
Remaining term (yrs)24.024.030.0
Secondary amount$0$74,730$0
Funding fee$1,538$1,538$0
Note rate2.940%2.940%7.400%
Blended rate2.940%4.124%7.640%
1st payment$1,486.90$1,486.90$2,647.73
2nd payment$0.00$560.48$0.00
Taxes / mo$194.25$194.25$194.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.48
HOA / mo$52.00$52.00$52.00
Total monthly$1,883.15$2,443.63$3,120.46
Cash to close$117,220$42,490$42,490