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$306,152$306,152$346,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$40,348$0
Funding fee$1,531$1,531$0
Note rate3.690%3.690%7.400%
Blended rate3.690%4.308%7.640%
1st payment$1,542.35$1,542.35$2,399.10
2nd payment$0.00$302.61$0.00
Taxes / mo$148.92$148.92$148.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$80.33$80.33$80.33
Total monthly$1,921.60$2,224.21$2,847.64
Cash to close$78,848$38,500$38,500