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$229,728$229,728$404,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$174,372$0
Funding fee$1,149$1,149$0
Note rate2.900%2.900%7.400%
Blended rate2.900%5.101%7.640%
1st payment$1,072.62$1,072.62$2,797.91
2nd payment$0.00$1,162.48$0.00
Taxes / mo$331.92$331.92$331.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,554.54$2,717.02$3,360.64
Cash to close$219,272$44,900$44,900