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$223,923$223,923$674,910
Remaining term (yrs)24.224.230.0
Secondary amount$0$450,987$0
Funding fee$1,120$1,120$0
Note rate2.770%2.770%7.400%
Blended rate2.770%6.098%7.640%
1st payment$1,054.97$1,054.97$4,672.94
2nd payment$0.00$2,912.62$0.00
Taxes / mo$221.33$221.33$221.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$134.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,492.97$4,405.60$5,245.92
Cash to close$525,977$74,990$74,990