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$218,530$218,530$404,100
Remaining term (yrs)23.323.330.0
Secondary amount$0$185,570$0
Funding fee$1,093$1,093$0
Note rate3.740%3.740%7.400%
Blended rate3.740%5.696%7.640%
1st payment$1,168.45$1,168.45$2,797.91
2nd payment$0.00$1,237.13$0.00
Taxes / mo$247.50$247.50$247.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.82
HOA / mo$80.00$80.00$80.00
Total monthly$1,645.95$2,883.08$3,356.23
Cash to close$230,470$44,900$44,900