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$222,156$222,156$414,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$191,844$0
Funding fee$1,111$1,111$0
Note rate3.650%3.650%7.400%
Blended rate3.650%5.666%7.640%
1st payment$1,169.27$1,169.27$2,866.45
2nd payment$0.00$1,278.96$0.00
Taxes / mo$133.67$133.67$133.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.80
HOA / mo$95.00$95.00$95.00
Total monthly$1,564.60$2,843.56$3,344.59
Cash to close$237,844$46,000$46,000