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$79,371$79,371$198,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$118,629$0
Funding fee$397$397$0
Note rate2.900%2.900%7.400%
Blended rate2.900%5.956%7.640%
1st payment$382.86$382.86$1,370.91
2nd payment$0.00$790.86$0.00
Taxes / mo$33.08$33.08$33.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$39.60
HOA / mo$150.00$150.00$150.00
Total monthly$715.94$1,506.80$1,743.60
Cash to close$140,629$22,000$22,000