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$373,498$373,498$584,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$211,412$0
Funding fee$1,867$1,867$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.762%7.640%
1st payment$1,773.05$1,773.05$4,049.80
2nd payment$0.00$1,365.37$0.00
Taxes / mo$282.50$282.50$282.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,222.22$3,587.58$4,615.95
Cash to close$276,402$64,990$64,990