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$148,813$148,813$288,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$139,187$0
Funding fee$744$744$0
Note rate3.020%3.020%7.400%
Blended rate3.020%5.427%7.640%
1st payment$727.02$727.02$1,994.05
2nd payment$0.00$927.91$0.00
Taxes / mo$108.92$108.92$108.92
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$985.93$1,913.85$2,310.57
Cash to close$171,187$32,000$32,000