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$83,390$83,390$319,500
Remaining term (yrs)18.618.630.0
Secondary amount$0$236,110$0
Funding fee$417$417$0
Note rate3.670%3.670%7.400%
Blended rate3.670%6.685%7.640%
1st payment$513.19$513.19$2,212.15
2nd payment$0.00$1,524.88$0.00
Taxes / mo$148.33$148.33$148.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$811.53$2,336.41$2,574.39
Cash to close$271,610$35,500$35,500