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$263,685$263,685$562,500
Remaining term (yrs)18.218.230.0
Secondary amount$0$298,815$0
Funding fee$1,318$1,318$0
Note rate3.970%3.970%7.400%
Blended rate3.970%5.978%7.640%
1st payment$1,689.09$1,689.09$3,894.64
2nd payment$0.00$1,929.85$0.00
Taxes / mo$270.50$270.50$270.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,126.26$4,056.11$4,444.30
Cash to close$361,315$62,500$62,500