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$249,436$249,436$371,655
Remaining term (yrs)23.823.830.0
Secondary amount$0$122,219$0
Funding fee$1,247$1,247$0
Note rate3.030%3.030%7.400%
Blended rate3.030%4.664%7.640%
1st payment$1,222.78$1,222.78$2,573.26
2nd payment$0.00$814.80$0.00
Taxes / mo$209.58$209.58$209.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.33
HOA / mo$123.33$123.33$123.33
Total monthly$1,705.70$2,520.49$3,130.51
Cash to close$163,514$41,295$41,295