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$204,266$204,266$292,410
Remaining term (yrs)28.628.630.0
Secondary amount$0$88,144$0
Funding fee$1,021$1,021$0
Note rate6.840%6.840%7.400%
Blended rate6.840%7.491%7.640%
1st payment$1,355.01$1,355.01$2,024.59
2nd payment$0.00$661.08$0.00
Taxes / mo$85.75$85.75$85.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,590.76$2,251.84$2,318.82
Cash to close$120,634$32,490$32,490