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$296,755$296,755$652,500
Remaining term (yrs)19.119.130.0
Secondary amount$0$355,745$0
Funding fee$1,484$1,484$0
Note rate2.390%2.390%7.400%
Blended rate2.390%5.312%7.640%
1st payment$1,604.01$1,604.01$4,517.78
2nd payment$0.00$2,297.52$0.00
Taxes / mo$533.25$533.25$533.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,353.93$4,651.45$5,398.19
Cash to close$428,245$72,500$72,500