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$64,096$64,096$296,100
Remaining term (yrs)15.315.330.0
Secondary amount$0$232,004$0
Funding fee$320$320$0
Note rate3.960%3.960%7.400%
Blended rate3.960%6.930%7.640%
1st payment$463.47$463.47$2,050.14
2nd payment$0.00$1,498.36$0.00
Taxes / mo$81.75$81.75$81.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.22
HOA / mo$0.00$0.00$0.00
Total monthly$695.22$2,193.58$2,341.11
Cash to close$264,904$32,900$32,900