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$317,255$317,255$539,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$222,655$0
Funding fee$1,586$1,586$0
Note rate3.160%3.160%7.400%
Blended rate3.160%5.053%7.640%
1st payment$1,576.65$1,576.65$3,738.23
2nd payment$0.00$1,437.98$0.00
Taxes / mo$206.75$206.75$206.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.98
HOA / mo$64.00$64.00$64.00
Total monthly$2,014.07$3,452.04$4,283.63
Cash to close$282,645$59,990$59,990