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$300,525$300,525$675,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$374,475$0
Funding fee$1,503$1,503$0
Note rate2.810%2.810%7.400%
Blended rate2.810%5.551%7.640%
1st payment$1,432.30$1,432.30$4,673.56
2nd payment$0.00$2,418.48$0.00
Taxes / mo$233.67$233.67$233.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$135.00
HOA / mo$10.42$10.42$10.42
Total monthly$1,893.06$4,311.54$5,269.32
Cash to close$449,475$75,000$75,000