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$217,173$217,173$342,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$124,827$0
Funding fee$1,086$1,086$0
Note rate3.050%3.050%7.400%
Blended rate3.050%4.857%7.640%
1st payment$1,044.86$1,044.86$2,367.94
2nd payment$0.00$832.18$0.00
Taxes / mo$152.33$152.33$152.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$58.33$58.33$58.33
Total monthly$1,405.52$2,237.70$2,797.00
Cash to close$162,827$38,000$38,000