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$233,501$233,501$350,100
Remaining term (yrs)23.723.730.0
Secondary amount$0$116,599$0
Funding fee$1,168$1,168$0
Note rate3.230%3.230%7.400%
Blended rate3.230%4.819%7.640%
1st payment$1,171.66$1,171.66$2,424.02
2nd payment$0.00$777.33$0.00
Taxes / mo$154.50$154.50$154.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,476.16$2,253.49$2,798.54
Cash to close$155,499$38,900$38,900