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$201,609$201,609$297,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$95,391$0
Funding fee$1,008$1,008$0
Note rate3.140%3.140%7.400%
Blended rate3.140%5.022%7.640%
1st payment$964.47$964.47$2,056.37
2nd payment$0.00$715.43$0.00
Taxes / mo$79.08$79.08$79.08
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$1,193.56$1,908.98$2,344.85
Cash to close$128,391$33,000$33,000