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$188,020$188,020$298,800
Remaining term (yrs)22.422.430.0
Secondary amount$0$110,780$0
Funding fee$940$940$0
Note rate4.460%4.460%7.400%
Blended rate4.460%5.772%7.640%
1st payment$1,104.44$1,104.44$2,068.83
2nd payment$0.00$738.54$0.00
Taxes / mo$125.00$125.00$125.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.76
HOA / mo$57.00$57.00$57.00
Total monthly$1,436.44$2,174.98$2,460.59
Cash to close$143,980$33,200$33,200