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$189,587$189,587$220,050
Remaining term (yrs)28.128.130.0
Secondary amount$0$30,463$0
Funding fee$948$948$0
Note rate6.320%6.320%7.400%
Blended rate6.320%6.691%7.640%
1st payment$1,200.86$1,200.86$1,523.58
2nd payment$0.00$228.47$0.00
Taxes / mo$44.00$44.00$44.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.01
HOA / mo$0.00$0.00$0.00
Total monthly$1,394.86$1,623.33$1,761.59
Cash to close$54,913$24,450$24,450