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$215,869$215,869$265,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$49,631$0
Funding fee$1,079$1,079$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.179%7.640%
1st payment$1,024.76$1,024.76$1,838.27
2nd payment$0.00$372.23$0.00
Taxes / mo$65.67$65.67$65.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.10
HOA / mo$230.00$230.00$230.00
Total monthly$1,470.43$1,842.66$2,337.04
Cash to close$79,131$29,500$29,500