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$370,879$370,879$989,910
Remaining term (yrs)19.419.430.0
Secondary amount$0$619,031$0
Funding fee$1,854$1,854$0
Note rate4.180%4.180%7.400%
Blended rate4.180%6.412%7.640%
1st payment$2,320.31$2,320.31$6,853.94
2nd payment$0.00$3,997.91$0.00
Taxes / mo$398.50$398.50$398.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$197.98
HOA / mo$26.50$26.50$26.50
Total monthly$2,961.98$6,959.88$7,693.59
Cash to close$729,021$109,990$109,990