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$115,610$115,610$287,999
Remaining term (yrs)21.921.930.0
Secondary amount$0$172,389$0
Funding fee$578$578$0
Note rate4.590%4.590%7.400%
Blended rate4.590%6.631%7.640%
1st payment$696.38$696.38$1,994.05
2nd payment$0.00$1,149.26$0.00
Taxes / mo$88.75$88.75$88.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$935.13$2,084.40$2,290.40
Cash to close$204,389$32,000$32,000