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$145,505$145,505$292,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$146,995$0
Funding fee$728$728$0
Note rate2.870%2.870%7.400%
Blended rate2.870%5.448%7.640%
1st payment$692.97$692.97$2,025.21
2nd payment$0.00$979.97$0.00
Taxes / mo$96.42$96.42$96.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$120.00$120.00$120.00
Total monthly$1,059.38$2,039.35$2,450.13
Cash to close$179,495$32,500$32,500