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$349,441$349,441$629,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$280,469$0
Funding fee$1,747$1,747$0
Note rate2.870%2.870%7.400%
Blended rate2.870%5.043%7.640%
1st payment$1,629.85$1,629.85$4,361.37
2nd payment$0.00$1,811.36$0.00
Taxes / mo$276.83$276.83$276.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.98
HOA / mo$115.00$115.00$115.00
Total monthly$2,188.35$3,999.71$5,045.85
Cash to close$350,459$69,990$69,990