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$187,187$187,187$405,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$217,813$0
Funding fee$936$936$0
Note rate3.070%3.070%7.400%
Blended rate3.070%5.587%7.640%
1st payment$886.67$886.67$2,804.14
2nd payment$0.00$1,406.71$0.00
Taxes / mo$92.42$92.42$92.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,129.08$2,535.79$3,127.55
Cash to close$262,813$45,000$45,000