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$257,957$257,957$427,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$169,543$0
Funding fee$1,290$1,290$0
Note rate3.070%3.070%7.400%
Blended rate3.070%5.025%7.640%
1st payment$1,216.61$1,216.61$2,959.92
2nd payment$0.00$1,130.29$0.00
Taxes / mo$160.75$160.75$160.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$99.33$99.33$99.33
Total monthly$1,643.36$2,773.64$3,472.17
Cash to close$217,043$47,500$47,500