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$287,236$287,236$521,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$233,864$0
Funding fee$1,436$1,436$0
Note rate3.020%3.020%7.400%
Blended rate3.020%5.143%7.640%
1st payment$1,399.96$1,399.96$3,607.99
2nd payment$0.00$1,510.37$0.00
Taxes / mo$178.67$178.67$178.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.22
HOA / mo$240.00$240.00$240.00
Total monthly$1,985.29$3,495.67$4,297.54
Cash to close$291,764$57,900$57,900