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$288,500$288,500$513,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$224,500$0
Funding fee$1,442$1,442$0
Note rate2.810%2.810%7.400%
Blended rate2.810%4.972%7.640%
1st payment$1,355.44$1,355.44$3,551.91
2nd payment$0.00$1,449.90$0.00
Taxes / mo$160.17$160.17$160.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.60
HOA / mo$48.67$48.67$48.67
Total monthly$1,730.94$3,180.84$4,030.01
Cash to close$281,500$57,000$57,000