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$294,691$294,691$447,930
Remaining term (yrs)24.724.730.0
Secondary amount$0$153,239$0
Funding fee$1,473$1,473$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.684%7.640%
1st payment$1,397.64$1,397.64$3,101.38
2nd payment$0.00$1,021.59$0.00
Taxes / mo$318.50$318.50$318.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.59
HOA / mo$170.00$170.00$170.00
Total monthly$2,052.81$3,074.41$3,846.13
Cash to close$203,009$49,770$49,770