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$246,189$246,189$724,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$478,311$0
Funding fee$1,231$1,231$0
Note rate3.130%3.130%7.400%
Blended rate3.130%6.180%7.640%
1st payment$1,219.63$1,219.63$5,016.29
2nd payment$0.00$3,089.09$0.00
Taxes / mo$223.83$223.83$223.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$144.90
HOA / mo$32.25$32.25$32.25
Total monthly$1,692.38$4,781.47$5,633.94
Cash to close$558,811$80,500$80,500