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$233,874$233,874$314,100
Remaining term (yrs)29.229.230.0
Secondary amount$0$80,226$0
Funding fee$1,169$1,169$0
Note rate6.240%6.240%7.400%
Blended rate6.240%6.945%7.640%
1st payment$1,449.71$1,449.71$2,174.76
2nd payment$0.00$601.69$0.00
Taxes / mo$36.20$36.20$36.20
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,635.91$2,237.61$2,423.79
Cash to close$115,126$34,900$34,900