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$143,748$143,748$297,000
Remaining term (yrs)16.216.230.0
Secondary amount$0$153,252$0
Funding fee$719$719$0
Note rate3.350%3.350%7.400%
Blended rate3.350%5.749%7.640%
1st payment$953.26$953.26$2,056.37
2nd payment$0.00$1,021.68$0.00
Taxes / mo$173.75$173.75$173.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,277.01$2,298.69$2,439.52
Cash to close$186,252$33,000$33,000