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$159,268$159,268$324,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$164,732$0
Funding fee$796$796$0
Note rate2.800%2.800%7.400%
Blended rate2.800%5.444%7.640%
1st payment$754.61$754.61$2,243.31
2nd payment$0.00$1,098.21$0.00
Taxes / mo$129.92$129.92$129.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$48.33$48.33$48.33
Total monthly$1,082.85$2,181.07$2,636.36
Cash to close$200,732$36,000$36,000