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$179,146$179,146$483,921
Remaining term (yrs)28.028.030.0
Secondary amount$0$304,775$0
Funding fee$896$896$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.287%7.640%
1st payment$1,156.68$1,156.68$3,350.57
2nd payment$0.00$1,968.34$0.00
Taxes / mo$17.17$17.17$17.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.78
HOA / mo$110.00$110.00$110.00
Total monthly$1,450.52$3,418.86$3,741.19
Cash to close$358,544$53,769$53,769