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$310,923$310,923$463,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$152,577$0
Funding fee$1,555$1,555$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.619%7.640%
1st payment$1,505.78$1,505.78$3,209.18
2nd payment$0.00$1,017.18$0.00
Taxes / mo$109.50$109.50$109.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$355.00$355.00$355.00
Total monthly$2,136.95$3,154.13$3,933.05
Cash to close$204,077$51,500$51,500