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$299,063$299,063$630,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$330,937$0
Funding fee$1,495$1,495$0
Note rate2.890%2.890%7.400%
Blended rate2.890%5.443%7.640%
1st payment$1,434.15$1,434.15$4,361.99
2nd payment$0.00$2,137.30$0.00
Taxes / mo$231.75$231.75$231.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$104.00$104.00$104.00
Total monthly$1,936.56$4,073.87$4,990.41
Cash to close$400,937$70,000$70,000