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$245,330$245,330$503,910
Remaining term (yrs)23.523.530.0
Secondary amount$0$258,580$0
Funding fee$1,227$1,227$0
Note rate3.450%3.450%7.400%
Blended rate3.450%5.657%7.640%
1st payment$1,265.14$1,265.14$3,488.97
2nd payment$0.00$1,669.99$0.00
Taxes / mo$147.00$147.00$147.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.78
HOA / mo$105.00$105.00$105.00
Total monthly$1,683.81$3,353.80$4,008.42
Cash to close$314,570$55,990$55,990