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$161,341$161,341$269,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$108,569$0
Funding fee$807$807$0
Note rate3.020%3.020%7.400%
Blended rate3.020%5.023%7.640%
1st payment$788.22$788.22$1,868.80
2nd payment$0.00$723.79$0.00
Taxes / mo$74.42$74.42$74.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,012.64$1,736.43$2,147.20
Cash to close$138,559$29,990$29,990