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$90,729$90,729$354,600
Remaining term (yrs)16.016.030.0
Secondary amount$0$263,871$0
Funding fee$454$454$0
Note rate3.600%3.600%7.400%
Blended rate3.600%6.688%7.640%
1st payment$619.94$619.94$2,455.18
2nd payment$0.00$1,704.17$0.00
Taxes / mo$91.50$91.50$91.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.92
HOA / mo$0.00$0.00$0.00
Total monthly$861.44$2,565.60$2,767.60
Cash to close$303,271$39,400$39,400