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$121,017$121,017$333,000
Remaining term (yrs)16.816.830.0
Secondary amount$0$211,983$0
Funding fee$605$605$0
Note rate4.070%4.070%7.400%
Blended rate4.070%6.413%7.640%
1st payment$825.70$825.70$2,305.62
2nd payment$0.00$1,369.06$0.00
Taxes / mo$142.00$142.00$142.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,117.70$2,486.76$2,664.22
Cash to close$248,983$37,000$37,000