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$263,884$263,884$359,999
Remaining term (yrs)23.923.930.0
Secondary amount$0$96,116$0
Funding fee$1,319$1,319$0
Note rate3.020%3.020%7.400%
Blended rate3.020%4.617%7.640%
1st payment$1,289.18$1,289.18$2,492.56
2nd payment$0.00$720.87$0.00
Taxes / mo$226.92$226.92$226.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$108.00$108.00$108.00
Total monthly$1,774.10$2,494.97$3,049.48
Cash to close$136,115$40,000$40,000