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$232,595$232,595$292,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$59,905$0
Funding fee$1,163$1,163$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.284%7.640%
1st payment$1,101.76$1,101.76$2,025.21
2nd payment$0.00$449.29$0.00
Taxes / mo$13.58$13.58$13.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,265.34$1,714.63$2,247.29
Cash to close$92,405$32,500$32,500