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$399,806$399,806$571,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$171,694$0
Funding fee$1,999$1,999$0
Note rate2.840%2.840%7.400%
Blended rate2.840%4.390%7.640%
1st payment$1,858.57$1,858.57$3,956.95
2nd payment$0.00$1,144.63$0.00
Taxes / mo$181.00$181.00$181.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$114.30
HOA / mo$137.00$137.00$137.00
Total monthly$2,343.24$3,487.86$4,555.92
Cash to close$235,194$63,500$63,500