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$316,811$316,811$539,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$223,099$0
Funding fee$1,584$1,584$0
Note rate2.900%2.900%7.400%
Blended rate2.900%4.904%7.640%
1st payment$1,489.31$1,489.31$3,738.23
2nd payment$0.00$1,440.85$0.00
Taxes / mo$211.58$211.58$211.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.98
HOA / mo$500.00$500.00$500.00
Total monthly$2,367.56$3,808.41$4,724.46
Cash to close$283,089$59,990$59,990