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$148,023$148,023$265,410
Remaining term (yrs)23.823.830.0
Secondary amount$0$117,387$0
Funding fee$740$740$0
Note rate3.150%3.150%7.400%
Blended rate3.150%5.295%7.640%
1st payment$734.85$734.85$1,837.65
2nd payment$0.00$782.58$0.00
Taxes / mo$147.92$147.92$147.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.08
HOA / mo$80.00$80.00$80.00
Total monthly$1,112.77$1,895.35$2,268.64
Cash to close$146,877$29,490$29,490