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$220,630$220,630$494,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$274,280$0
Funding fee$1,103$1,103$0
Note rate2.930%2.930%7.400%
Blended rate2.930%5.601%7.640%
1st payment$1,062.56$1,062.56$3,426.66
2nd payment$0.00$1,771.39$0.00
Taxes / mo$194.67$194.67$194.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.98
HOA / mo$178.67$178.67$178.67
Total monthly$1,602.57$3,373.96$4,065.64
Cash to close$329,270$54,990$54,990