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$204,697$204,697$504,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$299,303$0
Funding fee$1,023$1,023$0
Note rate2.910%2.910%7.400%
Blended rate2.910%5.784%7.640%
1st payment$986.07$986.07$3,489.59
2nd payment$0.00$1,933.00$0.00
Taxes / mo$160.00$160.00$160.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$114.00$114.00$114.00
Total monthly$1,426.73$3,359.73$4,031.06
Cash to close$355,303$56,000$56,000