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$187,702$187,702$396,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$208,298$0
Funding fee$939$939$0
Note rate2.940%2.940%7.400%
Blended rate2.940%5.470%7.640%
1st payment$904.95$904.95$2,741.82
2nd payment$0.00$1,345.26$0.00
Taxes / mo$75.08$75.08$75.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,130.03$2,475.29$3,046.11
Cash to close$252,298$44,000$44,000