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$282,027$282,027$585,000
Remaining term (yrs)16.616.630.0
Secondary amount$0$302,973$0
Funding fee$1,410$1,410$0
Note rate6.320%6.320%7.400%
Blended rate6.320%7.061%7.640%
1st payment$2,277.81$2,277.81$4,050.42
2nd payment$0.00$1,956.70$0.00
Taxes / mo$179.67$179.67$179.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,624.14$4,580.84$4,513.76
Cash to close$367,973$65,000$65,000