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$167,150$167,150$193,500
Remaining term (yrs)29.129.130.0
Secondary amount$0$26,350$0
Funding fee$836$836$0
Note rate6.270%6.270%7.400%
Blended rate6.270%6.642%7.640%
1st payment$1,040.39$1,040.39$1,339.75
2nd payment$0.00$197.62$0.00
Taxes / mo$30.25$30.25$30.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,220.64$1,418.26$1,558.70
Cash to close$47,850$21,500$21,500