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$207,124$207,124$351,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$143,876$0
Funding fee$1,036$1,036$0
Note rate3.230%3.230%7.400%
Blended rate3.230%5.185%7.640%
1st payment$1,039.31$1,039.31$2,430.25
2nd payment$0.00$959.17$0.00
Taxes / mo$223.25$223.25$223.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.20
HOA / mo$132.00$132.00$132.00
Total monthly$1,544.56$2,503.73$3,005.70
Cash to close$182,876$39,000$39,000