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$216,513$216,513$256,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$39,987$0
Funding fee$1,083$1,083$0
Note rate2.980%2.980%7.400%
Blended rate2.980%3.918%7.640%
1st payment$1,026.79$1,026.79$1,775.95
2nd payment$0.00$299.90$0.00
Taxes / mo$165.08$165.08$165.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.30
HOA / mo$73.00$73.00$73.00
Total monthly$1,414.87$1,714.77$2,215.34
Cash to close$68,487$28,500$28,500