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$355,898$355,898$1,170,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$814,102$0
Funding fee$1,779$1,779$0
Note rate5.300%5.300%7.400%
Blended rate5.300%7.005%7.640%
1st payment$2,110.16$2,110.16$8,100.84
2nd payment$0.00$5,257.74$0.00
Taxes / mo$403.17$403.17$403.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$234.00
HOA / mo$158.00$158.00$158.00
Total monthly$2,887.99$8,145.73$9,112.68
Cash to close$944,102$130,000$130,000