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$137,567$137,567$301,500
Remaining term (yrs)20.820.830.0
Secondary amount$0$163,933$0
Funding fee$688$688$0
Note rate3.900%3.900%7.400%
Blended rate3.900%6.129%7.640%
1st payment$802.52$802.52$2,087.53
2nd payment$0.00$1,092.89$0.00
Taxes / mo$159.25$159.25$159.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$80.00$80.00$80.00
Total monthly$1,191.77$2,284.66$2,537.08
Cash to close$197,433$33,500$33,500