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$360,179$360,179$405,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$44,821$0
Funding fee$1,801$1,801$0
Note rate3.100%3.100%7.400%
Blended rate3.100%3.753%7.640%
1st payment$1,708.07$1,708.07$2,804.14
2nd payment$0.00$336.16$0.00
Taxes / mo$116.33$116.33$116.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$90.00$90.00$90.00
Total monthly$2,064.40$2,400.56$3,241.47
Cash to close$89,821$45,000$45,000