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$311,791$311,791$360,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$48,209$0
Funding fee$1,559$1,559$0
Note rate3.010%3.010%7.400%
Blended rate3.010%3.812%7.640%
1st payment$1,473.60$1,473.60$2,492.57
2nd payment$0.00$361.57$0.00
Taxes / mo$198.33$198.33$198.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$87.00$87.00$87.00
Total monthly$1,908.93$2,270.50$2,999.90
Cash to close$88,209$40,000$40,000