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$245,803$245,803$603,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$357,197$0
Funding fee$1,229$1,229$0
Note rate2.810%2.810%7.400%
Blended rate2.810%5.736%7.640%
1st payment$1,165.86$1,165.86$4,175.05
2nd payment$0.00$2,306.90$0.00
Taxes / mo$256.42$256.42$256.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$120.60
HOA / mo$113.00$113.00$113.00
Total monthly$1,701.95$4,008.85$4,831.73
Cash to close$424,197$67,000$67,000