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$304,768$304,768$463,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$158,732$0
Funding fee$1,524$1,524$0
Note rate3.160%3.160%7.400%
Blended rate3.160%4.818%7.640%
1st payment$1,514.59$1,514.59$3,209.18
2nd payment$0.00$1,058.21$0.00
Taxes / mo$143.00$143.00$143.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$94.00$94.00$94.00
Total monthly$1,918.26$2,976.47$3,705.55
Cash to close$210,232$51,500$51,500