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$200,656$200,656$319,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$118,844$0
Funding fee$1,003$1,003$0
Note rate2.840%2.840%7.400%
Blended rate2.840%4.759%7.640%
1st payment$930.67$930.67$2,212.15
2nd payment$0.00$792.29$0.00
Taxes / mo$33.75$33.75$33.75
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$1,114.42$1,906.71$2,459.80
Cash to close$154,344$35,500$35,500