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$331,167$331,167$390,600
Remaining term (yrs)25.325.330.0
Secondary amount$0$59,433$0
Funding fee$1,656$1,656$0
Note rate3.100%3.100%7.400%
Blended rate3.100%3.998%7.640%
1st payment$1,570.48$1,570.48$2,704.44
2nd payment$0.00$445.75$0.00
Taxes / mo$215.92$215.92$215.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.12
HOA / mo$180.00$180.00$180.00
Total monthly$2,116.40$2,562.15$3,328.47
Cash to close$102,833$43,400$43,400