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$94,162$94,162$315,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$220,838$0
Funding fee$471$471$0
Note rate3.230%3.230%7.400%
Blended rate3.230%6.399%7.640%
1st payment$472.49$472.49$2,181.00
2nd payment$0.00$1,426.24$0.00
Taxes / mo$129.00$129.00$129.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$300.00$300.00$300.00
Total monthly$1,051.49$2,477.73$2,823.00
Cash to close$255,838$35,000$35,000