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$224,059$224,059$395,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$171,851$0
Funding fee$1,120$1,120$0
Note rate3.210%3.210%7.400%
Blended rate3.210%5.289%7.640%
1st payment$1,119.34$1,119.34$2,741.20
2nd payment$0.00$1,145.67$0.00
Taxes / mo$140.58$140.58$140.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.18
HOA / mo$275.00$275.00$275.00
Total monthly$1,684.92$2,830.60$3,385.97
Cash to close$215,841$43,990$43,990