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$306,031$306,031$701,100
Remaining term (yrs)20.020.030.0
Secondary amount$0$395,069$0
Funding fee$1,530$1,530$0
Note rate3.440%3.440%7.400%
Blended rate3.440%5.869%7.640%
1st payment$1,760.34$1,760.34$4,854.27
2nd payment$0.00$2,551.49$0.00
Taxes / mo$309.67$309.67$309.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$140.22
HOA / mo$150.00$150.00$150.00
Total monthly$2,436.67$4,988.16$5,670.83
Cash to close$472,969$77,900$77,900