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$164,012$164,012$247,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$83,488$0
Funding fee$820$820$0
Note rate3.110%3.110%7.400%
Blended rate3.110%5.097%7.640%
1st payment$780.33$780.33$1,713.64
2nd payment$0.00$626.16$0.00
Taxes / mo$92.25$92.25$92.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.50
HOA / mo$2.92$2.92$2.92
Total monthly$1,025.50$1,651.66$2,008.31
Cash to close$110,988$27,500$27,500