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$266,850$266,850$463,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$196,650$0
Funding fee$1,334$1,334$0
Note rate3.000%3.000%7.400%
Blended rate3.000%5.121%7.640%
1st payment$1,271.14$1,271.14$3,209.18
2nd payment$0.00$1,311.00$0.00
Taxes / mo$132.25$132.25$132.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,570.06$2,881.06$3,600.80
Cash to close$248,150$51,500$51,500