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$285,409$285,409$400,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$115,091$0
Funding fee$1,427$1,427$0
Note rate3.230%3.230%7.400%
Blended rate3.230%4.601%7.640%
1st payment$1,432.13$1,432.13$2,772.98
2nd payment$0.00$767.27$0.00
Taxes / mo$209.08$209.08$209.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$32.08$32.08$32.08
Total monthly$1,823.29$2,590.56$3,244.24
Cash to close$159,591$44,500$44,500