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$332,279$332,279$349,290
Remaining term (yrs)25.225.230.0
Secondary amount$0$36,416$0
Funding fee$1,661$1,661$0
Note rate3.070%3.070%7.400%
Blended rate3.070%3.940%7.640%
1st payment$1,573.94$1,573.94$2,418.41
2nd payment$0.00$360.37$0.00
Taxes / mo$134.92$134.92$134.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.86
HOA / mo$130.00$130.00$130.00
Total monthly$1,988.85$2,349.22$2,903.19
Cash to close$55,821$19,405$38,810