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$252,168$252,168$538,200
Remaining term (yrs)19.819.830.0
Secondary amount$0$286,032$0
Funding fee$1,261$1,261$0
Note rate3.570%3.570%7.400%
Blended rate3.570%5.792%7.640%
1st payment$1,475.78$1,475.78$3,726.39
2nd payment$0.00$1,847.29$0.00
Taxes / mo$134.17$134.17$134.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.64
HOA / mo$12.00$12.00$12.00
Total monthly$1,788.62$3,635.90$4,146.86
Cash to close$345,832$59,800$59,800