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$373,412$373,412$409,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$36,088$0
Funding fee$1,867$1,867$0
Note rate3.560%3.560%7.400%
Blended rate3.560%4.039%7.640%
1st payment$1,854.84$1,854.84$2,835.30
2nd payment$0.00$270.66$0.00
Taxes / mo$280.67$280.67$280.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$81.90
HOA / mo$19.50$19.50$19.50
Total monthly$2,321.68$2,592.34$3,384.03
Cash to close$81,588$45,500$45,500