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$125,311$125,311$342,000
Remaining term (yrs)18.618.630.0
Secondary amount$0$216,689$0
Funding fee$627$627$0
Note rate3.770%3.770%7.400%
Blended rate3.770%6.292%7.640%
1st payment$777.62$777.62$2,367.94
2nd payment$0.00$1,399.45$0.00
Taxes / mo$112.00$112.00$112.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$102.00$102.00$102.00
Total monthly$1,141.62$2,541.07$2,800.34
Cash to close$254,689$38,000$38,000