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$293,401$293,401$535,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$242,099$0
Funding fee$1,467$1,467$0
Note rate2.980%2.980%7.400%
Blended rate2.980%5.137%7.640%
1st payment$1,391.42$1,391.42$3,707.69
2nd payment$0.00$1,563.55$0.00
Taxes / mo$189.75$189.75$189.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,747.84$3,311.39$4,171.21
Cash to close$301,599$59,500$59,500