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$234,719$234,719$337,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$102,781$0
Funding fee$1,174$1,174$0
Note rate3.160%3.160%7.400%
Blended rate3.160%4.634%7.640%
1st payment$1,166.47$1,166.47$2,336.78
2nd payment$0.00$685.20$0.00
Taxes / mo$123.08$123.08$123.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$195.00$195.00$195.00
Total monthly$1,634.56$2,319.76$2,872.37
Cash to close$140,281$37,500$37,500