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$263,144$263,144$292,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$29,356$0
Funding fee$1,316$1,316$0
Note rate3.080%3.080%7.400%
Blended rate3.080%3.674%7.640%
1st payment$1,270.14$1,270.14$2,025.21
2nd payment$0.00$220.17$0.00
Taxes / mo$75.67$75.67$75.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,495.81$1,715.98$2,309.38
Cash to close$61,856$32,500$32,500