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$274,039$274,039$427,410
Remaining term (yrs)25.525.530.0
Secondary amount$0$153,371$0
Funding fee$1,370$1,370$0
Note rate3.760%3.760%7.400%
Blended rate3.760%5.281%7.640%
1st payment$1,391.05$1,391.05$2,959.30
2nd payment$0.00$1,022.47$0.00
Taxes / mo$205.50$205.50$205.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,763.22$2,785.69$3,416.95
Cash to close$200,861$47,490$47,490