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$189,023$189,023$279,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$89,977$0
Funding fee$945$945$0
Note rate3.640%3.640%7.400%
Blended rate3.640%5.369%7.640%
1st payment$998.32$998.32$1,931.74
2nd payment$0.00$674.83$0.00
Taxes / mo$74.33$74.33$74.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,222.65$1,897.48$2,211.87
Cash to close$120,977$31,000$31,000