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$170,518$170,518$369,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$198,482$0
Funding fee$853$853$0
Note rate3.000%3.000%7.400%
Blended rate3.000%5.689%7.640%
1st payment$812.26$812.26$2,554.88
2nd payment$0.00$1,323.21$0.00
Taxes / mo$182.67$182.67$182.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.80
HOA / mo$215.00$215.00$215.00
Total monthly$1,359.93$2,683.14$3,176.35
Cash to close$239,482$41,000$41,000