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$157,014$157,014$342,000
Remaining term (yrs)19.519.530.0
Secondary amount$0$184,986$0
Funding fee$785$785$0
Note rate3.640%3.640%7.400%
Blended rate3.640%5.998%7.640%
1st payment$932.59$932.59$2,367.94
2nd payment$0.00$1,233.24$0.00
Taxes / mo$169.42$169.42$169.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$130.00$130.00$130.00
Total monthly$1,382.01$2,615.25$2,885.76
Cash to close$222,986$38,000$38,000