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$265,412$265,412$764,999
Remaining term (yrs)15.415.430.0
Secondary amount$0$499,588$0
Funding fee$1,327$1,327$0
Note rate3.390%3.390%7.400%
Blended rate3.390%6.237%7.640%
1st payment$1,836.49$1,836.49$5,296.70
2nd payment$0.00$3,226.50$0.00
Taxes / mo$287.83$287.83$287.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$153.00
HOA / mo$16.67$16.67$16.67
Total monthly$2,357.66$5,584.16$5,970.87
Cash to close$584,587$85,000$85,000