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$174,476$174,476$383,310
Remaining term (yrs)24.424.430.0
Secondary amount$0$208,834$0
Funding fee$872$872$0
Note rate2.740%2.740%7.400%
Blended rate2.740%5.470%7.640%
1st payment$815.42$815.42$2,653.96
2nd payment$0.00$1,348.72$0.00
Taxes / mo$88.75$88.75$88.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.66
HOA / mo$0.00$0.00$0.00
Total monthly$1,054.17$2,402.89$2,969.37
Cash to close$251,424$42,590$42,590