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$198,814$198,814$288,000
Remaining term (yrs)23.223.230.0
Secondary amount$0$89,186$0
Funding fee$994$994$0
Note rate3.680%3.680%7.400%
Blended rate3.680%5.327%7.640%
1st payment$1,059.02$1,059.02$1,994.05
2nd payment$0.00$668.90$0.00
Taxes / mo$97.83$97.83$97.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,306.85$1,975.75$2,299.49
Cash to close$121,186$32,000$32,000