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$181,188$181,188$400,000
Remaining term (yrs)22.622.630.0
Secondary amount$0$218,811$0
Funding fee$906$906$0
Note rate4.170%4.170%7.400%
Blended rate4.170%6.128%7.640%
1st payment$1,028.62$1,028.62$2,769.52
2nd payment$0.00$1,413.16$0.00
Taxes / mo$154.17$154.17$154.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,332.79$2,745.95$3,153.68
Cash to close$263,256$44,444$44,444