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$184,263$184,263$414,000
Remaining term (yrs)23.023.030.0
Secondary amount$0$229,737$0
Funding fee$921$921$0
Note rate3.550%3.550%7.400%
Blended rate3.550%5.881%7.640%
1st payment$975.51$975.51$2,866.45
2nd payment$0.00$1,483.72$0.00
Taxes / mo$147.58$147.58$147.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,289.76$2,773.48$3,263.50
Cash to close$275,737$46,000$46,000