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$245,514$245,514$343,800
Remaining term (yrs)23.623.630.0
Secondary amount$0$98,286$0
Funding fee$1,228$1,228$0
Note rate3.000%3.000%7.400%
Blended rate3.000%4.715%7.640%
1st payment$1,205.52$1,205.52$2,380.40
2nd payment$0.00$737.14$0.00
Taxes / mo$272.67$272.67$272.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.76
HOA / mo$147.00$147.00$147.00
Total monthly$1,775.18$2,512.33$3,018.83
Cash to close$136,486$38,200$38,200