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$360,241$360,241$562,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$202,259$0
Funding fee$1,801$1,801$0
Note rate3.160%3.160%7.400%
Blended rate3.160%4.810%7.640%
1st payment$1,790.27$1,790.27$3,894.64
2nd payment$0.00$1,306.25$0.00
Taxes / mo$330.83$330.83$330.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$80.00$80.00$80.00
Total monthly$2,367.77$3,674.03$4,584.64
Cash to close$264,759$62,500$62,500