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$152,967$152,967$324,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$171,033$0
Funding fee$765$765$0
Note rate2.860%2.860%7.400%
Blended rate2.860%5.573%7.640%
1st payment$714.30$714.30$2,243.31
2nd payment$0.00$1,140.22$0.00
Taxes / mo$131.17$131.17$131.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$4.17$4.17$4.17
Total monthly$999.64$2,139.85$2,593.45
Cash to close$207,033$36,000$36,000