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$176,008$176,008$382,230
Remaining term (yrs)24.024.030.0
Secondary amount$0$206,222$0
Funding fee$880$880$0
Note rate2.900%2.900%7.400%
Blended rate2.900%5.517%7.640%
1st payment$844.95$844.95$2,646.48
2nd payment$0.00$1,331.85$0.00
Taxes / mo$231.92$231.92$231.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.45
HOA / mo$170.00$170.00$170.00
Total monthly$1,396.86$2,728.71$3,274.85
Cash to close$248,692$42,470$42,470