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$184,599$184,599$427,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$242,901$0
Funding fee$923$923$0
Note rate2.880%2.880%7.400%
Blended rate2.880%5.647%7.640%
1st payment$884.29$884.29$2,959.92
2nd payment$0.00$1,568.74$0.00
Taxes / mo$237.92$237.92$237.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$144.67$144.67$144.67
Total monthly$1,433.54$3,002.28$3,594.68
Cash to close$290,401$47,500$47,500