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$212,569$212,569$532,800
Remaining term (yrs)24.024.030.0
Secondary amount$0$320,231$0
Funding fee$1,063$1,063$0
Note rate2.890%2.890%7.400%
Blended rate2.890%5.811%7.640%
1st payment$1,019.37$1,019.37$3,689.00
2nd payment$0.00$2,068.16$0.00
Taxes / mo$237.17$237.17$237.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$106.56
HOA / mo$416.08$416.08$416.08
Total monthly$1,839.28$3,907.44$4,615.47
Cash to close$379,431$59,200$59,200