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$125,744$125,744$197,010
Remaining term (yrs)24.124.130.0
Secondary amount$0$71,266$0
Funding fee$629$629$0
Note rate2.830%2.830%7.400%
Blended rate2.830%5.062%7.640%
1st payment$597.70$597.70$1,364.06
2nd payment$0.00$534.50$0.00
Taxes / mo$45.08$45.08$45.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$39.40
HOA / mo$178.00$178.00$178.00
Total monthly$970.78$1,505.28$1,776.54
Cash to close$93,156$21,890$21,890