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$314,216$314,216$495,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$180,784$0
Funding fee$1,571$1,571$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.871%7.640%
1st payment$1,485.15$1,485.15$3,427.28
2nd payment$0.00$1,205.23$0.00
Taxes / mo$62.00$62.00$62.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,713.82$2,919.05$3,754.95
Cash to close$235,784$55,000$55,000