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$239,301$239,301$382,491
Remaining term (yrs)26.126.130.0
Secondary amount$0$143,190$0
Funding fee$1,197$1,197$0
Note rate6.900%6.900%7.400%
Blended rate6.900%7.312%7.640%
1st payment$1,646.50$1,646.50$2,648.29
2nd payment$0.00$954.60$0.00
Taxes / mo$282.83$282.83$282.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$85.00$85.00$85.00
Total monthly$2,164.33$3,118.93$3,242.62
Cash to close$185,689$42,499$42,499