Sophia Sommer

(602) 512-9825
The Sommer Group
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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$177,695$177,695$211,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$33,805$0
Funding fee$888$888$0
Note rate2.840%2.840%7.400%
Blended rate2.840%3.825%7.640%
1st payment$826.05$826.05$1,464.38
2nd payment$0.00$253.54$0.00
Taxes / mo$52.58$52.58$52.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$42.30
HOA / mo$282.00$282.00$282.00
Total monthly$1,310.63$1,564.17$1,991.27
Cash to close$57,305$23,500$23,500