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$298,421$298,421$324,000
Remaining term (yrs)27.227.230.0
Secondary amount$0$25,579$0
Funding fee$1,492$1,492$0
Note rate7.500%7.500%7.400%
Blended rate7.500%7.618%7.640%
1st payment$2,142.74$2,142.74$2,243.31
2nd payment$0.00$191.84$0.00
Taxes / mo$106.25$106.25$106.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,398.99$2,590.83$2,564.36
Cash to close$61,579$36,000$36,000