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$249,497$249,497$584,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$335,413$0
Funding fee$1,247$1,247$0
Note rate3.160%3.160%7.400%
Blended rate3.160%5.792%7.640%
1st payment$1,239.91$1,239.91$4,049.80
2nd payment$0.00$2,166.21$0.00
Taxes / mo$219.58$219.58$219.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,626.16$3,792.37$4,553.03
Cash to close$400,403$64,990$64,990