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$218,681$218,681$625,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$406,819$0
Funding fee$1,093$1,093$0
Note rate2.770%2.770%7.400%
Blended rate2.770%6.009%7.640%
1st payment$1,030.28$1,030.28$4,330.84
2nd payment$0.00$2,627.37$0.00
Taxes / mo$357.83$357.83$357.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.10
HOA / mo$84.00$84.00$84.00
Total monthly$1,638.78$4,266.15$5,064.44
Cash to close$476,319$69,500$69,500