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$280,243$280,243$990,000
Remaining term (yrs)19.719.730.0
Secondary amount$0$709,757$0
Funding fee$1,401$1,401$0
Note rate3.480%3.480%7.400%
Blended rate3.480%6.541%7.640%
1st payment$1,631.86$1,631.86$6,854.56
2nd payment$0.00$4,583.85$0.00
Taxes / mo$320.75$320.75$320.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$198.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,169.28$6,753.13$7,589.98
Cash to close$819,757$110,000$110,000