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$83,573$83,573$224,100
Remaining term (yrs)22.822.830.0
Secondary amount$0$140,527$0
Funding fee$418$418$0
Note rate3.800%3.800%7.400%
Blended rate3.800%6.434%7.640%
1st payment$455.65$455.65$1,551.62
2nd payment$0.00$936.84$0.00
Taxes / mo$70.32$70.32$70.32
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.82
HOA / mo$0.00$0.00$0.00
Total monthly$675.96$1,612.81$1,816.76
Cash to close$165,427$24,900$24,900