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$388,212$388,212$395,100
Remaining term (yrs)27.227.230.0
Secondary amount$0$28,838$0
Funding fee$1,941$1,941$0
Note rate7.290%7.290%7.400%
Blended rate7.290%7.607%7.640%
1st payment$2,733.30$2,733.30$2,735.59
2nd payment$0.00$285.38$0.00
Taxes / mo$159.25$159.25$159.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.02
HOA / mo$0.00$0.00$0.00
Total monthly$3,042.55$3,327.93$3,123.86
Cash to close$50,788$21,950$43,900