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$306,493$306,493$1,035,000
Remaining term (yrs)16.116.130.0
Secondary amount$0$728,507$0
Funding fee$1,532$1,532$0
Note rate3.360%3.360%7.400%
Blended rate3.360%6.450%7.640%
1st payment$2,041.85$2,041.85$7,166.13
2nd payment$0.00$4,704.94$0.00
Taxes / mo$194.00$194.00$194.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$207.00
HOA / mo$25.00$25.00$25.00
Total monthly$2,477.52$7,182.46$7,808.80
Cash to close$843,507$115,000$115,000