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$45,865$45,865$332,910
Remaining term (yrs)4.54.530.0
Secondary amount$0$287,045$0
Funding fee$229$229$0
Note rate6.950%6.950%7.400%
Blended rate6.950%7.640%7.640%
1st payment$961.35$961.35$2,305.00
2nd payment$0.00$1,853.83$0.00
Taxes / mo$177.17$177.17$177.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,288.51$3,142.35$2,698.75
Cash to close$324,035$36,990$36,990