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$122,327$122,327$199,710
Remaining term (yrs)23.923.930.0
Secondary amount$0$77,383$0
Funding fee$612$612$0
Note rate3.020%3.020%7.400%
Blended rate3.020%5.337%7.640%
1st payment$597.62$597.62$1,382.75
2nd payment$0.00$580.37$0.00
Taxes / mo$48.50$48.50$48.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$39.94
HOA / mo$254.00$254.00$254.00
Total monthly$1,050.12$1,630.49$1,875.19
Cash to close$99,573$22,190$22,190