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$320,809$320,809$483,300
Remaining term (yrs)25.025.030.0
Secondary amount$0$162,491$0
Funding fee$1,604$1,604$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.601%7.640%
1st payment$1,494.58$1,494.58$3,346.27
2nd payment$0.00$1,083.27$0.00
Taxes / mo$271.08$271.08$271.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.66
HOA / mo$144.67$144.67$144.67
Total monthly$2,077.00$3,160.27$4,025.35
Cash to close$216,191$53,700$53,700