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$300,601$300,601$643,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$342,899$0
Funding fee$1,503$1,503$0
Note rate6.020%6.020%7.400%
Blended rate6.020%6.942%7.640%
1st payment$1,903.52$1,903.52$4,455.46
2nd payment$0.00$2,214.56$0.00
Taxes / mo$241.33$241.33$241.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$128.70
HOA / mo$180.00$180.00$180.00
Total monthly$2,541.52$4,756.08$5,222.16
Cash to close$414,399$71,500$71,500