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$116,554$116,554$418,500
Remaining term (yrs)13.513.530.0
Secondary amount$0$301,946$0
Funding fee$583$583$0
Note rate3.450%3.450%7.400%
Blended rate3.450%6.552%7.640%
1st payment$896.65$896.65$2,897.61
2nd payment$0.00$1,950.07$0.00
Taxes / mo$154.00$154.00$154.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$22.33$22.33$22.33
Total monthly$1,239.65$3,189.71$3,324.31
Cash to close$348,446$46,500$46,500