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$393,684$393,684$449,996
Remaining term (yrs)27.027.030.0
Secondary amount$0$56,311$0
Funding fee$1,968$1,968$0
Note rate7.070%7.070%7.400%
Blended rate7.070%7.312%7.640%
1st payment$2,720.24$2,720.24$3,115.68
2nd payment$0.00$422.34$0.00
Taxes / mo$145.33$145.33$145.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$68.00$68.00$68.00
Total monthly$3,100.24$3,522.58$3,585.68
Cash to close$106,311$50,000$50,000