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$129,055$129,055$513,000
Remaining term (yrs)15.515.530.0
Secondary amount$0$383,945$0
Funding fee$645$645$0
Note rate3.950%3.950%7.400%
Blended rate3.950%6.794%7.640%
1st payment$921.73$921.73$3,551.91
2nd payment$0.00$2,479.65$0.00
Taxes / mo$166.83$166.83$166.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.60
HOA / mo$134.00$134.00$134.00
Total monthly$1,389.23$3,868.87$4,122.01
Cash to close$440,945$57,000$57,000