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$119,312$119,312$458,100
Remaining term (yrs)21.521.530.0
Secondary amount$0$338,788$0
Funding fee$597$597$0
Note rate4.330%4.330%7.400%
Blended rate4.330%6.859%7.640%
1st payment$709.75$709.75$3,171.79
2nd payment$0.00$2,188.01$0.00
Taxes / mo$317.25$317.25$317.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$91.62
HOA / mo$180.00$180.00$180.00
Total monthly$1,373.66$3,561.67$3,927.33
Cash to close$389,688$50,900$50,900