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$311,651$311,651$413,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$102,259$0
Funding fee$1,558$1,558$0
Note rate2.950%2.950%7.400%
Blended rate2.950%4.198%7.640%
1st payment$1,476.47$1,476.47$2,865.83
2nd payment$0.00$681.73$0.00
Taxes / mo$132.08$132.08$132.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.78
HOA / mo$66.00$66.00$66.00
Total monthly$1,841.22$2,522.94$3,313.36
Cash to close$148,249$45,990$45,990