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$264,769$264,769$373,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$108,731$0
Funding fee$1,324$1,324$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.505%7.640%
1st payment$1,256.90$1,256.90$2,586.04
2nd payment$0.00$724.87$0.00
Taxes / mo$176.92$176.92$176.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$88.33$88.33$88.33
Total monthly$1,672.14$2,397.02$3,075.99
Cash to close$150,231$41,500$41,500