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$388,269$388,269$584,999
Remaining term (yrs)23.823.830.0
Secondary amount$0$196,730$0
Funding fee$1,941$1,941$0
Note rate3.160%3.160%7.400%
Blended rate3.160%4.788%7.640%
1st payment$1,929.56$1,929.56$4,050.42
2nd payment$0.00$1,311.53$0.00
Taxes / mo$213.92$213.92$213.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$105.00$105.00$105.00
Total monthly$2,415.14$3,726.68$4,653.00
Cash to close$261,730$65,000$65,000