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$151,188$151,188$378,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$226,812$0
Funding fee$756$756$0
Note rate2.810%2.810%7.400%
Blended rate2.810%5.774%7.640%
1st payment$717.10$717.10$2,617.20
2nd payment$0.00$1,464.83$0.00
Taxes / mo$117.25$117.25$117.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$984.35$2,449.18$2,960.05
Cash to close$268,812$42,000$42,000