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$280,186$280,186$548,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$267,914$0
Funding fee$1,401$1,401$0
Note rate2.770%2.770%7.400%
Blended rate2.770%5.204%7.640%
1st payment$1,313.75$1,313.75$3,794.93
2nd payment$0.00$1,730.28$0.00
Taxes / mo$143.83$143.83$143.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$109.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,624.25$3,354.53$4,215.05
Cash to close$328,814$60,900$60,900