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$147,988$147,988$508,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$360,512$0
Funding fee$740$740$0
Note rate6.760%6.760%7.400%
Blended rate6.760%7.462%7.640%
1st payment$973.89$973.89$3,520.75
2nd payment$0.00$2,328.30$0.00
Taxes / mo$227.08$227.08$227.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.70
HOA / mo$103.33$103.33$103.33
Total monthly$1,470.97$3,799.28$4,119.53
Cash to close$417,012$56,500$56,500