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$174,150$174,150$360,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$185,850$0
Funding fee$871$871$0
Note rate2.900%2.900%7.400%
Blended rate2.900%5.533%7.640%
1st payment$830.12$830.12$2,492.57
2nd payment$0.00$1,239.00$0.00
Taxes / mo$138.75$138.75$138.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$9.17$9.17$9.17
Total monthly$1,128.04$2,367.04$2,862.49
Cash to close$225,850$40,000$40,000