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$255,062$255,062$625,500
Remaining term (yrs)18.818.830.0
Secondary amount$0$370,438$0
Funding fee$1,275$1,275$0
Note rate3.980%3.980%7.400%
Blended rate3.980%6.213%7.640%
1st payment$1,600.96$1,600.96$4,330.84
2nd payment$0.00$2,392.41$0.00
Taxes / mo$212.67$212.67$212.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.10
HOA / mo$84.00$84.00$84.00
Total monthly$2,064.29$4,456.70$4,919.27
Cash to close$439,938$69,500$69,500