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$307,909$307,909$765,000
Remaining term (yrs)18.018.030.0
Secondary amount$0$457,091$0
Funding fee$1,540$1,540$0
Note rate4.200%4.200%7.400%
Blended rate4.200%6.321%7.640%
1st payment$2,021.49$2,021.49$5,296.71
2nd payment$0.00$2,952.04$0.00
Taxes / mo$395.50$395.50$395.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$153.00
HOA / mo$151.67$151.67$151.67
Total monthly$2,785.33$5,737.37$6,213.54
Cash to close$542,091$85,000$85,000