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$278,051$278,051$454,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$176,449$0
Funding fee$1,390$1,390$0
Note rate2.250%2.250%7.400%
Blended rate2.250%4.482%7.640%
1st payment$1,237.44$1,237.44$3,146.87
2nd payment$0.00$1,176.33$0.00
Taxes / mo$166.17$166.17$166.17
Insurance / mo$0.00$0.00$0.00
MI / mo$0.00$0.00$90.90
HOA / mo$78.00$78.00$78.00
Total monthly$1,481.61$2,657.93$3,481.93
Cash to close$226,949$50,500$50,500