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$187,830$187,830$593,100
Remaining term (yrs)23.723.730.0
Secondary amount$0$405,270$0
Funding fee$939$939$0
Note rate3.100%3.100%7.400%
Blended rate3.100%6.277%7.640%
1st payment$929.78$929.78$4,106.50
2nd payment$0.00$2,617.37$0.00
Taxes / mo$150.12$150.12$150.12
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.62
HOA / mo$10.00$10.00$10.00
Total monthly$1,256.56$3,873.93$4,551.91
Cash to close$471,170$65,900$65,900