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$144,583$144,583$337,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$192,917$0
Funding fee$723$723$0
Note rate2.810%2.810%7.400%
Blended rate2.810%5.777%7.640%
1st payment$689.08$689.08$2,336.78
2nd payment$0.00$1,286.12$0.00
Taxes / mo$104.83$104.83$104.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$55.00$55.00$55.00
Total monthly$998.91$2,285.03$2,714.12
Cash to close$230,417$37,500$37,500