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$302,785$302,785$684,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$381,215$0
Funding fee$1,514$1,514$0
Note rate2.810%2.810%7.400%
Blended rate2.810%5.563%7.640%
1st payment$1,429.29$1,429.29$4,735.88
2nd payment$0.00$2,462.01$0.00
Taxes / mo$210.08$210.08$210.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$136.80
HOA / mo$146.00$146.00$146.00
Total monthly$2,002.04$4,464.06$5,445.43
Cash to close$457,215$76,000$76,000