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$325,415$325,415$515,700
Remaining term (yrs)25.425.430.0
Secondary amount$0$190,285$0
Funding fee$1,627$1,627$0
Note rate3.120%3.120%7.400%
Blended rate3.120%4.921%7.640%
1st payment$1,543.31$1,543.31$3,570.60
2nd payment$0.00$1,268.56$0.00
Taxes / mo$200.25$200.25$200.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.14
HOA / mo$215.00$215.00$215.00
Total monthly$2,125.23$3,393.79$4,255.66
Cash to close$247,585$57,300$57,300