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$185,873$185,873$377,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$192,037$0
Funding fee$929$929$0
Note rate3.100%3.100%7.400%
Blended rate3.100%5.590%7.640%
1st payment$899.11$899.11$2,616.57
2nd payment$0.00$1,280.24$0.00
Taxes / mo$145.50$145.50$145.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.58
HOA / mo$21.00$21.00$21.00
Total monthly$1,215.61$2,495.86$3,008.65
Cash to close$234,027$41,990$41,990