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$234,555$234,555$521,550
Remaining term (yrs)23.223.230.0
Secondary amount$0$286,995$0
Funding fee$1,173$1,173$0
Note rate3.750%3.750%7.400%
Blended rate3.750%5.951%7.640%
1st payment$1,258.19$1,258.19$3,611.11
2nd payment$0.00$1,853.51$0.00
Taxes / mo$260.50$260.50$260.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.31
HOA / mo$0.00$0.00$0.00
Total monthly$1,685.36$3,538.87$4,142.58
Cash to close$344,945$57,950$57,950