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$368,899$368,899$431,100
Remaining term (yrs)26.826.830.0
Secondary amount$0$62,201$0
Funding fee$1,844$1,844$0
Note rate6.710%6.710%7.400%
Blended rate6.710%7.040%7.640%
1st payment$2,470.73$2,470.73$2,984.85
2nd payment$0.00$466.51$0.00
Taxes / mo$108.92$108.92$108.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.22
HOA / mo$331.00$331.00$331.00
Total monthly$3,077.31$3,543.82$3,677.65
Cash to close$110,101$47,900$47,900