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$241,209$241,209$477,630
Remaining term (yrs)23.523.530.0
Secondary amount$0$236,421$0
Funding fee$1,206$1,206$0
Note rate3.450%3.450%7.400%
Blended rate3.450%5.578%7.640%
1st payment$1,246.73$1,246.73$3,307.01
2nd payment$0.00$1,526.89$0.00
Taxes / mo$313.25$313.25$313.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.53
HOA / mo$170.00$170.00$170.00
Total monthly$1,896.65$3,423.54$4,052.46
Cash to close$289,491$53,070$53,070