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$112,922$112,922$399,510
Remaining term (yrs)24.324.330.0
Secondary amount$0$286,588$0
Funding fee$565$565$0
Note rate2.680%2.680%7.400%
Blended rate2.680%6.317%7.640%
1st payment$525.57$525.57$2,766.13
2nd payment$0.00$1,850.88$0.00
Taxes / mo$176.00$176.00$176.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.90
HOA / mo$45.00$45.00$45.00
Total monthly$896.57$2,747.45$3,217.03
Cash to close$330,978$44,390$44,390