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$194,789$194,789$216,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$33,211$0
Funding fee$974$974$0
Note rate6.260%6.260%7.400%
Blended rate6.260%7.078%7.640%
1st payment$1,254.78$1,254.78$1,495.54
2nd payment$0.00$328.65$0.00
Taxes / mo$167.33$167.33$167.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,572.12$1,900.77$1,856.07
Cash to close$45,211$12,000$24,000