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$255,817$255,817$422,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$166,283$0
Funding fee$1,279$1,279$0
Note rate2.990%2.990%7.400%
Blended rate2.990%4.964%7.640%
1st payment$1,245.81$1,245.81$2,922.54
2nd payment$0.00$1,108.55$0.00
Taxes / mo$150.50$150.50$150.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.42
HOA / mo$48.33$48.33$48.33
Total monthly$1,611.31$2,719.86$3,372.45
Cash to close$213,183$46,900$46,900