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$143,605$143,605$360,000
Remaining term (yrs)21.021.030.0
Secondary amount$0$216,395$0
Funding fee$718$718$0
Note rate3.860%3.860%7.400%
Blended rate3.860%6.198%7.640%
1st payment$830.42$830.42$2,492.57
2nd payment$0.00$1,397.55$0.00
Taxes / mo$101.83$101.83$101.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,082.25$2,479.81$2,816.40
Cash to close$256,395$40,000$40,000