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$160,059$160,059$630,000
Remaining term (yrs)19.319.330.0
Secondary amount$0$469,941$0
Funding fee$800$800$0
Note rate2.250%2.250%7.400%
Blended rate2.250%6.353%7.640%
1st payment$848.53$848.53$4,361.99
2nd payment$0.00$3,035.04$0.00
Taxes / mo$71.00$71.00$71.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,086.20$4,121.23$4,725.66
Cash to close$539,941$70,000$70,000