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$273,272$273,272$301,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$28,228$0
Funding fee$1,366$1,366$0
Note rate3.090%3.090%7.400%
Blended rate3.090%3.643%7.640%
1st payment$1,300.12$1,300.12$2,087.53
2nd payment$0.00$211.71$0.00
Taxes / mo$51.42$51.42$51.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$185.00$185.00$185.00
Total monthly$1,686.54$1,898.25$2,534.24
Cash to close$61,728$33,500$33,500