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$181,222$181,222$263,700
Remaining term (yrs)24.024.030.0
Secondary amount$0$82,478$0
Funding fee$906$906$0
Note rate3.020%3.020%7.400%
Blended rate3.020%4.890%7.640%
1st payment$883.26$883.26$1,825.81
2nd payment$0.00$618.58$0.00
Taxes / mo$191.00$191.00$191.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.74
HOA / mo$265.00$265.00$265.00
Total monthly$1,489.26$2,107.85$2,484.55
Cash to close$111,778$29,300$29,300