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$223,250$223,250$450,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$226,750$0
Funding fee$1,116$1,116$0
Note rate3.310%3.310%7.400%
Blended rate3.310%5.547%7.640%
1st payment$1,132.19$1,132.19$3,115.71
2nd payment$0.00$1,464.42$0.00
Taxes / mo$177.75$177.75$177.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,476.61$2,941.03$3,550.13
Cash to close$276,750$50,000$50,000