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$206,027$206,027$328,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$122,473$0
Funding fee$1,030$1,030$0
Note rate3.090%3.090%7.400%
Blended rate3.090%4.921%7.640%
1st payment$993.29$993.29$2,274.47
2nd payment$0.00$816.48$0.00
Taxes / mo$130.83$130.83$130.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,274.12$2,090.61$2,621.00
Cash to close$158,973$36,500$36,500