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$42,737$42,737$161,910
Remaining term (yrs)12.712.730.0
Secondary amount$0$119,173$0
Funding fee$214$214$0
Note rate5.310%5.310%7.400%
Blended rate5.310%7.290%7.640%
1st payment$383.32$383.32$1,121.03
2nd payment$0.00$794.49$0.00
Taxes / mo$40.42$40.42$40.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$32.38
HOA / mo$319.00$319.00$319.00
Total monthly$892.73$1,687.22$1,662.83
Cash to close$137,163$17,990$17,990