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$383,399$383,399$558,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$174,601$0
Funding fee$1,917$1,917$0
Note rate3.310%3.310%7.400%
Blended rate3.310%4.778%7.640%
1st payment$1,944.37$1,944.37$3,863.48
2nd payment$0.00$1,164.00$0.00
Taxes / mo$254.67$254.67$254.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.60
HOA / mo$80.00$80.00$80.00
Total monthly$2,445.70$3,609.71$4,476.41
Cash to close$236,601$62,000$62,000