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$208,155$208,155$440,910
Remaining term (yrs)23.523.530.0
Secondary amount$0$232,755$0
Funding fee$1,041$1,041$0
Note rate3.650%3.650%7.400%
Blended rate3.650%5.814%7.640%
1st payment$1,095.57$1,095.57$3,052.77
2nd payment$0.00$1,503.21$0.00
Taxes / mo$191.75$191.75$191.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,453.99$2,957.20$3,499.37
Cash to close$281,745$48,990$48,990