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$273,157$273,157$311,400
Remaining term (yrs)25.025.030.0
Secondary amount$0$38,243$0
Funding fee$1,366$1,366$0
Note rate2.840%2.840%7.400%
Blended rate2.840%3.597%7.640%
1st payment$1,269.82$1,269.82$2,156.07
2nd payment$0.00$286.83$0.00
Taxes / mo$219.67$219.67$219.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.28
HOA / mo$147.00$147.00$147.00
Total monthly$1,786.48$2,073.31$2,735.02
Cash to close$72,843$34,600$34,600