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$30,870$30,870$144,000
Remaining term (yrs)3.33.330.0
Secondary amount$0$113,130$0
Funding fee$154$154$0
Note rate7.910%7.910%7.400%
Blended rate7.910%7.981%7.640%
1st payment$861.72$861.72$997.03
2nd payment$0.00$754.20$0.00
Taxes / mo$95.58$95.58$95.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$28.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,107.31$1,861.50$1,271.41
Cash to close$129,130$16,000$16,000