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$201,696$201,696$265,500
Remaining term (yrs)22.722.730.0
Secondary amount$0$63,804$0
Funding fee$1,008$1,008$0
Note rate3.820%3.820%7.400%
Blended rate3.820%5.065%7.640%
1st payment$1,104.34$1,104.34$1,838.27
2nd payment$0.00$478.53$0.00
Taxes / mo$251.75$251.75$251.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.10
HOA / mo$29.67$29.67$29.67
Total monthly$1,535.76$2,014.29$2,322.79
Cash to close$93,304$29,500$29,500