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$1,900$1,900$161,910
Remaining term (yrs)26.126.130.0
Secondary amount$0$160,010$0
Funding fee$9$9$0
Note rate2.310%2.310%7.400%
Blended rate2.310%7.933%7.640%
1st payment$8.05$8.05$1,121.03
2nd payment$0.00$1,066.73$0.00
Taxes / mo$55.67$55.67$55.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$32.38
HOA / mo$0.00$0.00$0.00
Total monthly$213.72$1,280.45$1,359.08
Cash to close$178,000$17,990$17,990