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$114,014$114,014$382,500
Remaining term (yrs)17.817.830.0
Secondary amount$0$268,486$0
Funding fee$570$570$0
Note rate4.120%4.120%7.400%
Blended rate4.120%6.668%7.640%
1st payment$750.76$750.76$2,648.35
2nd payment$0.00$1,733.97$0.00
Taxes / mo$109.20$109.20$109.20
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$183.00$183.00$183.00
Total monthly$1,192.96$2,926.93$3,167.06
Cash to close$310,986$42,500$42,500