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$97,291$97,291$395,910
Remaining term (yrs)27.527.530.0
Secondary amount$0$298,619$0
Funding fee$486$486$0
Note rate6.740%6.740%7.400%
Blended rate6.740%7.502%7.640%
1st payment$647.93$647.93$2,741.20
2nd payment$0.00$1,928.58$0.00
Taxes / mo$248.25$248.25$248.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.18
HOA / mo$19.50$19.50$19.50
Total monthly$1,065.68$2,994.26$3,238.13
Cash to close$342,609$43,990$43,990