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$282,631$282,631$472,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$189,869$0
Funding fee$1,413$1,413$0
Note rate2.860%2.860%7.400%
Blended rate2.860%4.925%7.640%
1st payment$1,357.51$1,357.51$3,271.49
2nd payment$0.00$1,265.79$0.00
Taxes / mo$210.33$210.33$210.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$80.00$80.00$80.00
Total monthly$1,814.51$3,080.31$3,822.99
Cash to close$242,369$52,500$52,500