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$218,750$218,750$337,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$118,750$0
Funding fee$1,094$1,094$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.824%7.640%
1st payment$1,039.61$1,039.61$2,336.78
2nd payment$0.00$791.67$0.00
Taxes / mo$148.03$148.03$148.03
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$64.00$64.00$64.00
Total monthly$1,401.65$2,193.32$2,766.32
Cash to close$156,250$37,500$37,500