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$186,584$186,584$213,300
Remaining term (yrs)24.224.230.0
Secondary amount$0$26,716$0
Funding fee$933$933$0
Note rate2.720%2.720%7.400%
Blended rate2.720%3.507%7.640%
1st payment$874.31$874.31$1,476.85
2nd payment$0.00$200.37$0.00
Taxes / mo$26.08$26.08$26.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$42.66
HOA / mo$3.17$3.17$3.17
Total monthly$1,053.56$1,253.93$1,698.76
Cash to close$50,416$23,700$23,700