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$241,854$241,854$450,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$208,146$0
Funding fee$1,209$1,209$0
Note rate3.080%3.080%7.400%
Blended rate3.080%5.240%7.640%
1st payment$1,167.38$1,167.38$3,115.71
2nd payment$0.00$1,344.28$0.00
Taxes / mo$120.75$120.75$120.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,454.80$2,799.07$3,493.13
Cash to close$258,146$50,000$50,000