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$372,937$372,937$567,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$194,063$0
Funding fee$1,865$1,865$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.777%7.640%
1st payment$1,772.40$1,772.40$3,925.79
2nd payment$0.00$1,293.75$0.00
Taxes / mo$172.00$172.00$172.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$113.40
HOA / mo$69.67$69.67$69.67
Total monthly$2,180.73$3,474.48$4,447.53
Cash to close$257,063$63,000$63,000