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$273,160$273,160$431,999
Remaining term (yrs)24.924.930.0
Secondary amount$0$158,839$0
Funding fee$1,366$1,366$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.756%7.640%
1st payment$1,276.96$1,276.96$2,991.07
2nd payment$0.00$1,058.93$0.00
Taxes / mo$182.83$182.83$182.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,626.46$2,685.39$3,426.97
Cash to close$206,839$48,000$48,000