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$220,191$220,191$377,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$157,719$0
Funding fee$1,101$1,101$0
Note rate3.020%3.020%7.400%
Blended rate3.020%5.098%7.640%
1st payment$1,075.73$1,075.73$2,616.57
2nd payment$0.00$1,051.46$0.00
Taxes / mo$69.92$69.92$69.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,295.65$2,347.10$2,912.07
Cash to close$199,709$41,990$41,990