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$225,633$225,633$589,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$363,867$0
Funding fee$1,128$1,128$0
Note rate6.340%6.340%7.400%
Blended rate6.340%7.210%7.640%
1st payment$1,461.34$1,461.34$4,081.58
2nd payment$0.00$2,349.97$0.00
Taxes / mo$108.00$108.00$108.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,736.01$4,085.98$4,474.15
Cash to close$429,367$65,500$65,500