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$190,090$190,090$296,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$106,010$0
Funding fee$950$950$0
Note rate2.800%2.800%7.400%
Blended rate2.800%4.662%7.640%
1st payment$892.11$892.11$2,050.14
2nd payment$0.00$706.74$0.00
Taxes / mo$206.25$206.25$206.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.22
HOA / mo$144.67$144.67$144.67
Total monthly$1,393.03$2,099.76$2,610.28
Cash to close$138,910$32,900$32,900