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$297,332$297,332$504,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$206,668$0
Funding fee$1,487$1,487$0
Note rate2.840%2.840%7.400%
Blended rate2.840%4.853%7.640%
1st payment$1,382.20$1,382.20$3,489.59
2nd payment$0.00$1,334.73$0.00
Taxes / mo$77.33$77.33$77.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,626.20$2,960.93$3,834.39
Cash to close$262,668$56,000$56,000