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$345,443$345,443$629,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$284,467$0
Funding fee$1,727$1,727$0
Note rate2.890%2.890%7.400%
Blended rate2.890%5.085%7.640%
1st payment$1,656.56$1,656.56$4,361.37
2nd payment$0.00$1,837.19$0.00
Taxes / mo$294.58$294.58$294.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.98
HOA / mo$132.00$132.00$132.00
Total monthly$2,249.81$4,087.00$5,080.60
Cash to close$354,457$69,990$69,990