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$149,392$149,392$386,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$236,708$0
Funding fee$747$747$0
Note rate2.900%2.900%7.400%
Blended rate2.900%5.873%7.640%
1st payment$705.51$705.51$2,673.28
2nd payment$0.00$1,528.74$0.00
Taxes / mo$110.00$110.00$110.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.22
HOA / mo$0.00$0.00$0.00
Total monthly$965.51$2,494.25$3,010.50
Cash to close$279,608$42,900$42,900