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$207,520$207,520$400,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$192,980$0
Funding fee$1,038$1,038$0
Note rate3.310%3.310%7.400%
Blended rate3.310%5.570%7.640%
1st payment$1,052.41$1,052.41$2,772.98
2nd payment$0.00$1,286.54$0.00
Taxes / mo$261.83$261.83$261.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$146.00$146.00$146.00
Total monthly$1,610.25$2,896.78$3,410.91
Cash to close$237,480$44,500$44,500