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$260,902$260,902$427,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$166,598$0
Funding fee$1,305$1,305$0
Note rate2.930%2.930%7.400%
Blended rate2.930%4.906%7.640%
1st payment$1,230.53$1,230.53$2,959.92
2nd payment$0.00$1,110.66$0.00
Taxes / mo$114.00$114.00$114.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$112.00$112.00$112.00
Total monthly$1,623.20$2,733.86$3,438.09
Cash to close$214,098$47,500$47,500