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$301,299$301,299$449,910
Remaining term (yrs)25.325.330.0
Secondary amount$0$148,611$0
Funding fee$1,506$1,506$0
Note rate3.120%3.120%7.400%
Blended rate3.120%4.732%7.640%
1st payment$1,432.01$1,432.01$3,115.09
2nd payment$0.00$990.74$0.00
Taxes / mo$208.00$208.00$208.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.98
HOA / mo$103.67$103.67$103.67
Total monthly$1,910.34$2,901.08$3,683.40
Cash to close$198,601$49,990$49,990