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$256,286$256,286$385,965
Remaining term (yrs)24.824.830.0
Secondary amount$0$129,679$0
Funding fee$1,281$1,281$0
Note rate2.800%2.800%7.400%
Blended rate2.800%4.547%7.640%
1st payment$1,191.59$1,191.59$2,672.34
2nd payment$0.00$864.52$0.00
Taxes / mo$125.67$125.67$125.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.19
HOA / mo$38.92$38.92$38.92
Total monthly$1,506.18$2,370.71$3,064.12
Cash to close$172,564$42,885$42,885