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$151,939$151,939$315,000
Remaining term (yrs)26.026.030.0
Secondary amount$0$163,061$0
Funding fee$760$760$0
Note rate6.110%6.110%7.400%
Blended rate6.110%7.088%7.640%
1st payment$970.63$970.63$2,181.00
2nd payment$0.00$1,087.07$0.00
Taxes / mo$110.50$110.50$110.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,231.13$2,318.20$2,504.50
Cash to close$198,061$35,000$35,000