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$261,255$261,255$494,910
Remaining term (yrs)20.220.230.0
Secondary amount$0$233,655$0
Funding fee$1,306$1,306$0
Note rate3.770%3.770%7.400%
Blended rate3.770%5.649%7.640%
1st payment$1,534.63$1,534.63$3,426.66
2nd payment$0.00$1,509.03$0.00
Taxes / mo$189.08$189.08$189.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,890.38$3,399.40$3,881.39
Cash to close$288,645$54,990$54,990