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$53,345$53,345$292,500
Remaining term (yrs)14.814.830.0
Secondary amount$0$239,155$0
Funding fee$267$267$0
Note rate4.490%4.490%7.400%
Blended rate4.490%7.155%7.640%
1st payment$409.41$409.41$2,025.21
2nd payment$0.00$1,544.55$0.00
Taxes / mo$87.25$87.25$87.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$130.00$130.00$130.00
Total monthly$776.66$2,321.20$2,450.96
Cash to close$271,655$32,500$32,500