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$251,963$251,963$288,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$36,037$0
Funding fee$1,260$1,260$0
Note rate3.060%3.060%7.400%
Blended rate3.060%3.803%7.640%
1st payment$1,210.81$1,210.81$1,994.05
2nd payment$0.00$270.27$0.00
Taxes / mo$76.58$76.58$76.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$230.00$230.00$230.00
Total monthly$1,667.40$1,937.67$2,508.24
Cash to close$68,037$32,000$32,000