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$348,893$348,893$432,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$83,107$0
Funding fee$1,744$1,744$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.211%7.640%
1st payment$1,652.64$1,652.64$2,991.08
2nd payment$0.00$623.31$0.00
Taxes / mo$290.75$290.75$290.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.40
HOA / mo$170.00$170.00$170.00
Total monthly$2,280.05$2,903.36$3,704.90
Cash to close$131,107$48,000$48,000