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$193,467$193,467$260,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$66,633$0
Funding fee$967$967$0
Note rate3.020%3.020%7.400%
Blended rate3.020%4.552%7.640%
1st payment$929.90$929.90$1,800.88
2nd payment$0.00$499.75$0.00
Taxes / mo$103.17$103.17$103.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.02
HOA / mo$256.00$256.00$256.00
Total monthly$1,439.07$1,938.82$2,362.07
Cash to close$95,533$28,900$28,900