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$175,757$175,757$413,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$238,153$0
Funding fee$879$879$0
Note rate2.890%2.890%7.400%
Blended rate2.890%5.686%7.640%
1st payment$842.84$842.84$2,865.83
2nd payment$0.00$1,538.07$0.00
Taxes / mo$63.17$63.17$63.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,072.67$2,610.74$3,178.44
Cash to close$284,143$45,990$45,990