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$249,622$249,622$355,410
Remaining term (yrs)25.125.130.0
Secondary amount$0$105,788$0
Funding fee$1,248$1,248$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.474%7.640%
1st payment$1,173.27$1,173.27$2,460.79
2nd payment$0.00$705.25$0.00
Taxes / mo$110.08$110.08$110.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.08
HOA / mo$68.25$68.25$68.25
Total monthly$1,501.60$2,206.85$2,860.20
Cash to close$145,278$39,490$39,490