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$378,724$378,724$571,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$192,776$0
Funding fee$1,894$1,894$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.600%7.640%
1st payment$1,770.45$1,770.45$3,956.95
2nd payment$0.00$1,285.17$0.00
Taxes / mo$287.42$287.42$287.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$114.30
HOA / mo$66.67$66.67$66.67
Total monthly$2,291.20$3,576.38$4,592.00
Cash to close$256,276$63,500$63,500