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$56,585$56,585$260,550
Remaining term (yrs)11.811.830.0
Secondary amount$0$203,965$0
Funding fee$283$283$0
Note rate6.370%6.370%7.400%
Blended rate6.370%7.450%7.640%
1st payment$565.71$565.71$1,804.00
2nd payment$0.00$1,317.27$0.00
Taxes / mo$90.33$90.33$90.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.11
HOA / mo$115.00$115.00$115.00
Total monthly$921.04$2,238.31$2,211.44
Cash to close$232,915$28,950$28,950