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$13,848$13,848$368,910
Remaining term (yrs)1.51.530.0
Secondary amount$0$355,062$0
Funding fee$69$69$0
Note rate7.040%7.040%7.400%
Blended rate7.040%7.723%7.640%
1st payment$772.32$772.32$2,554.26
2nd payment$0.00$2,293.11$0.00
Taxes / mo$159.25$159.25$159.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,081.57$3,374.69$2,937.29
Cash to close$396,052$40,990$40,990