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$291,387$291,387$355,500
Remaining term (yrs)27.127.130.0
Secondary amount$0$64,113$0
Funding fee$1,457$1,457$0
Note rate7.190%7.190%7.400%
Blended rate7.190%7.516%7.640%
1st payment$2,034.33$2,034.33$2,461.41
2nd payment$0.00$480.85$0.00
Taxes / mo$144.75$144.75$144.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,329.08$2,809.93$2,827.26
Cash to close$103,613$39,500$39,500