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$340,694$340,694$494,100
Remaining term (yrs)27.427.430.0
Secondary amount$0$153,406$0
Funding fee$1,703$1,703$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.966%7.640%
1st payment$2,218.56$2,218.56$3,421.05
2nd payment$0.00$1,022.71$0.00
Taxes / mo$144.25$144.25$144.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.82
HOA / mo$94.00$94.00$94.00
Total monthly$2,623.48$3,646.18$3,924.79
Cash to close$208,306$54,900$54,900