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$123,001$123,001$337,050
Remaining term (yrs)20.820.830.0
Secondary amount$0$214,049$0
Funding fee$615$615$0
Note rate3.960%3.960%7.400%
Blended rate3.960%6.367%7.640%
1st payment$721.46$721.46$2,333.67
2nd payment$0.00$1,382.40$0.00
Taxes / mo$116.50$116.50$116.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.41
HOA / mo$135.00$135.00$135.00
Total monthly$1,122.96$2,505.36$2,802.58
Cash to close$251,499$37,450$37,450