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$271,897$271,897$287,910
Remaining term (yrs)28.028.030.0
Secondary amount$0$32,008$0
Funding fee$1,359$1,359$0
Note rate6.460%6.460%7.400%
Blended rate6.460%7.030%7.640%
1st payment$1,750.36$1,750.36$1,993.43
2nd payment$0.00$316.74$0.00
Taxes / mo$46.17$46.17$46.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,946.53$2,263.27$2,247.18
Cash to close$48,003$15,995$31,990