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$220,789$220,789$539,910
Remaining term (yrs)19.519.530.0
Secondary amount$0$319,121$0
Funding fee$1,104$1,104$0
Note rate3.690%3.690%7.400%
Blended rate3.690%6.090%7.640%
1st payment$1,317.09$1,317.09$3,738.23
2nd payment$0.00$2,060.99$0.00
Taxes / mo$177.83$177.83$177.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.98
HOA / mo$116.00$116.00$116.00
Total monthly$1,777.59$3,838.58$4,306.71
Cash to close$379,111$59,990$59,990