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$111,914$111,914$287,910
Remaining term (yrs)19.319.330.0
Secondary amount$0$175,996$0
Funding fee$560$560$0
Note rate3.970%3.970%7.400%
Blended rate3.970%6.433%7.640%
1st payment$689.75$689.75$1,993.43
2nd payment$0.00$1,173.31$0.00
Taxes / mo$136.00$136.00$136.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.58
HOA / mo$86.00$86.00$86.00
Total monthly$1,061.75$2,235.06$2,423.01
Cash to close$207,986$31,990$31,990