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$216,576$216,576$400,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$183,924$0
Funding fee$1,083$1,083$0
Note rate3.020%3.020%7.400%
Blended rate3.020%5.307%7.640%
1st payment$1,048.20$1,048.20$2,772.98
2nd payment$0.00$1,226.16$0.00
Taxes / mo$113.42$113.42$113.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,311.61$2,537.77$3,116.50
Cash to close$228,424$44,500$44,500