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$260,006$260,006$560,880
Remaining term (yrs)22.922.930.0
Secondary amount$0$300,874$0
Funding fee$1,300$1,300$0
Note rate3.770%3.770%7.400%
Blended rate3.770%5.905%7.640%
1st payment$1,410.16$1,410.16$3,883.42
2nd payment$0.00$1,943.15$0.00
Taxes / mo$220.50$220.50$220.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.18
HOA / mo$48.33$48.33$48.33
Total monthly$1,845.66$3,788.81$4,431.09
Cash to close$363,194$62,320$62,320