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$180,385$180,385$476,550
Remaining term (yrs)23.523.530.0
Secondary amount$0$296,165$0
Funding fee$902$902$0
Note rate2.980%2.980%7.400%
Blended rate2.980%5.944%7.640%
1st payment$886.00$886.00$3,299.54
2nd payment$0.00$1,912.73$0.00
Taxes / mo$217.75$217.75$217.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.31
HOA / mo$153.50$153.50$153.50
Total monthly$1,423.92$3,336.65$3,932.76
Cash to close$349,115$52,950$52,950