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$205,359$205,359$652,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$447,141$0
Funding fee$1,027$1,027$0
Note rate3.230%3.230%7.400%
Blended rate3.230%6.327%7.640%
1st payment$1,030.45$1,030.45$4,517.78
2nd payment$0.00$2,887.79$0.00
Taxes / mo$157.00$157.00$157.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,404.12$4,291.90$5,021.94
Cash to close$519,641$72,500$72,500