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$320,626$320,626$341,100
Remaining term (yrs)25.525.530.0
Secondary amount$0$39,424$0
Funding fee$1,603$1,603$0
Note rate3.760%3.760%7.400%
Blended rate3.760%4.649%7.640%
1st payment$1,627.53$1,627.53$2,361.71
2nd payment$0.00$390.14$0.00
Taxes / mo$132.00$132.00$132.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.22
HOA / mo$40.00$40.00$40.00
Total monthly$1,949.53$2,339.67$2,751.93
Cash to close$58,374$18,950$37,900