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$224,607$224,607$332,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$108,303$0
Funding fee$1,123$1,123$0
Note rate2.930%2.930%7.400%
Blended rate2.930%4.579%7.640%
1st payment$1,084.29$1,084.29$2,305.00
2nd payment$0.00$722.02$0.00
Taxes / mo$99.92$99.92$99.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.58
HOA / mo$46.00$46.00$46.00
Total monthly$1,380.21$2,102.23$2,667.50
Cash to close$145,293$36,990$36,990