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$229,201$229,201$337,500
Remaining term (yrs)23.023.030.0
Secondary amount$0$108,299$0
Funding fee$1,146$1,146$0
Note rate3.610%3.610%7.400%
Blended rate3.610%5.019%7.640%
1st payment$1,217.89$1,217.89$2,336.78
2nd payment$0.00$721.99$0.00
Taxes / mo$97.17$97.17$97.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$87.00$87.00$87.00
Total monthly$1,552.06$2,274.05$2,738.45
Cash to close$145,799$37,500$37,500