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$196,401$196,401$341,100
Remaining term (yrs)23.423.430.0
Secondary amount$0$144,699$0
Funding fee$982$982$0
Note rate3.620%3.620%7.400%
Blended rate3.620%5.478%7.640%
1st payment$1,035.19$1,035.19$2,361.71
2nd payment$0.00$964.66$0.00
Taxes / mo$142.33$142.33$142.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.22
HOA / mo$67.00$67.00$67.00
Total monthly$1,394.52$2,359.18$2,789.26
Cash to close$182,599$37,900$37,900