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$326,634$326,634$440,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$113,466$0
Funding fee$1,633$1,633$0
Note rate2.860%2.860%7.400%
Blended rate2.860%4.185%7.640%
1st payment$1,521.78$1,521.78$3,047.16
2nd payment$0.00$756.44$0.00
Taxes / mo$180.00$180.00$180.00
Insurance / mo$0.00$0.00$0.00
MI / mo$0.00$0.00$88.02
HOA / mo$120.00$120.00$120.00
Total monthly$1,821.78$2,578.22$3,435.18
Cash to close$162,366$48,900$48,900