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$308,929$308,929$387,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$78,071$0
Funding fee$1,545$1,545$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.266%7.640%
1st payment$1,463.34$1,463.34$2,679.51
2nd payment$0.00$585.53$0.00
Taxes / mo$226.92$226.92$226.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,840.25$2,425.78$3,133.83
Cash to close$121,071$43,000$43,000