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$315,354$315,354$350,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$34,746$0
Funding fee$1,577$1,577$0
Note rate2.830%2.830%7.400%
Blended rate2.830%3.442%7.640%
1st payment$1,498.98$1,498.98$2,424.02
2nd payment$0.00$260.60$0.00
Taxes / mo$225.17$225.17$225.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.02
HOA / mo$91.00$91.00$91.00
Total monthly$1,965.14$2,225.74$2,960.21
Cash to close$73,646$38,900$38,900