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$181,803$181,803$206,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$25,107$0
Funding fee$909$909$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.123%7.640%
1st payment$892.28$892.28$1,432.60
2nd payment$0.00$188.31$0.00
Taxes / mo$85.75$85.75$85.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$41.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,128.03$1,316.34$1,709.74
Cash to close$48,097$22,990$22,990