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$148,108$148,108$476,910
Remaining term (yrs)16.116.130.0
Secondary amount$0$328,802$0
Funding fee$741$741$0
Note rate3.500%3.500%7.400%
Blended rate3.500%6.430%7.640%
1st payment$996.96$996.96$3,302.03
2nd payment$0.00$2,123.51$0.00
Taxes / mo$210.92$210.92$210.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.38
HOA / mo$38.92$38.92$38.92
Total monthly$1,413.46$3,536.98$3,813.91
Cash to close$381,792$52,990$52,990