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$287,855$287,855$422,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$135,055$0
Funding fee$1,439$1,439$0
Note rate2.940%2.940%7.400%
Blended rate2.940%4.556%7.640%
1st payment$1,391.10$1,391.10$2,928.14
2nd payment$0.00$900.37$0.00
Taxes / mo$213.33$213.33$213.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.58
HOA / mo$113.00$113.00$113.00
Total monthly$1,884.10$2,784.47$3,505.73
Cash to close$182,045$46,990$46,990