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$337,906$337,906$630,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$292,094$0
Funding fee$1,690$1,690$0
Note rate3.070%3.070%7.400%
Blended rate3.070%5.240%7.640%
1st payment$1,651.82$1,651.82$4,361.99
2nd payment$0.00$1,886.44$0.00
Taxes / mo$251.75$251.75$251.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$52.00$52.00$52.00
Total monthly$2,122.23$4,008.68$4,958.41
Cash to close$362,094$70,000$70,000