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$166,802$166,802$553,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$386,698$0
Funding fee$834$834$0
Note rate2.890%2.890%7.400%
Blended rate2.890%6.285%7.640%
1st payment$799.89$799.89$3,832.32
2nd payment$0.00$2,497.43$0.00
Taxes / mo$237.14$237.14$237.14
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$110.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,203.70$3,701.13$4,346.83
Cash to close$448,198$61,500$61,500