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$387,207$387,207$538,200
Remaining term (yrs)25.725.730.0
Secondary amount$0$150,993$0
Funding fee$1,936$1,936$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.453%7.640%
1st payment$1,810.67$1,810.67$3,726.39
2nd payment$0.00$1,006.62$0.00
Taxes / mo$154.50$154.50$154.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.64
HOA / mo$0.00$0.00$0.00
Total monthly$2,131.83$3,138.45$4,155.19
Cash to close$210,793$59,800$59,800