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$340,267$340,267$539,999
Remaining term (yrs)23.823.830.0
Secondary amount$0$199,732$0
Funding fee$1,701$1,701$0
Note rate3.160%3.160%7.400%
Blended rate3.160%4.950%7.640%
1st payment$1,691.01$1,691.01$3,738.84
2nd payment$0.00$1,331.55$0.00
Taxes / mo$236.42$236.42$236.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,094.09$3,425.64$4,249.93
Cash to close$259,732$60,000$60,000