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$363,564$363,564$374,782
Remaining term (yrs)25.025.030.0
Secondary amount$0$32,039$0
Funding fee$1,818$1,818$0
Note rate2.840%2.840%7.400%
Blended rate2.840%3.572%7.640%
1st payment$1,690.09$1,690.09$2,594.91
2nd payment$0.00$317.05$0.00
Taxes / mo$150.58$150.58$150.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.96
HOA / mo$156.00$156.00$156.00
Total monthly$2,146.68$2,463.73$3,126.45
Cash to close$52,860$20,821$41,642