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$254,248$254,248$504,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$249,752$0
Funding fee$1,271$1,271$0
Note rate2.680%2.680%7.400%
Blended rate2.680%5.192%7.640%
1st payment$1,180.48$1,180.48$3,489.59
2nd payment$0.00$1,612.98$0.00
Taxes / mo$142.08$142.08$142.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$50.00$50.00$50.00
Total monthly$1,539.23$3,152.21$3,949.14
Cash to close$305,752$56,000$56,000