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$140,424$140,424$251,100
Remaining term (yrs)23.523.530.0
Secondary amount$0$110,676$0
Funding fee$702$702$0
Note rate3.470%3.470%7.400%
Blended rate3.470%5.467%7.640%
1st payment$725.64$725.64$1,738.57
2nd payment$0.00$737.84$0.00
Taxes / mo$114.00$114.00$114.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.22
HOA / mo$0.00$0.00$0.00
Total monthly$989.64$1,727.48$2,052.79
Cash to close$138,576$27,900$27,900