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$292,966$292,966$607,410
Remaining term (yrs)24.124.130.0
Secondary amount$0$314,444$0
Funding fee$1,465$1,465$0
Note rate2.830%2.830%7.400%
Blended rate2.830%5.377%7.640%
1st payment$1,392.56$1,392.56$4,205.58
2nd payment$0.00$2,030.78$0.00
Taxes / mo$260.42$260.42$260.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.48
HOA / mo$38.00$38.00$38.00
Total monthly$1,857.64$3,888.43$4,792.15
Cash to close$381,934$67,490$67,490