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$211,435$211,435$355,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$144,065$0
Funding fee$1,057$1,057$0
Note rate3.110%3.110%7.400%
Blended rate3.110%5.092%7.640%
1st payment$1,005.96$1,005.96$2,461.41
2nd payment$0.00$960.43$0.00
Taxes / mo$188.50$188.50$188.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$92.00$92.00$92.00
Total monthly$1,436.46$2,396.89$2,963.01
Cash to close$183,565$39,500$39,500