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$258,843$258,843$787,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$528,657$0
Funding fee$1,294$1,294$0
Note rate2.940%2.940%7.400%
Blended rate2.940%6.169%7.640%
1st payment$1,247.93$1,247.93$5,452.49
2nd payment$0.00$3,414.24$0.00
Taxes / mo$343.33$343.33$343.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$157.50
HOA / mo$295.33$295.33$295.33
Total monthly$2,103.26$5,517.50$6,465.32
Cash to close$616,157$87,500$87,500