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$288,998$288,998$390,600
Remaining term (yrs)20.820.830.0
Secondary amount$0$101,602$0
Funding fee$1,445$1,445$0
Note rate3.000%3.000%7.400%
Blended rate3.000%4.301%7.640%
1st payment$1,551.56$1,551.56$2,704.44
2nd payment$0.00$677.34$0.00
Taxes / mo$111.08$111.08$111.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.12
HOA / mo$0.00$0.00$0.00
Total monthly$1,812.65$2,489.99$3,043.64
Cash to close$145,002$43,400$43,400