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$391,143$391,143$440,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$49,767$0
Funding fee$1,956$1,956$0
Note rate2.870%2.870%7.400%
Blended rate2.870%3.562%7.640%
1st payment$1,824.35$1,824.35$3,052.77
2nd payment$0.00$373.25$0.00
Taxes / mo$187.75$187.75$187.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.18
HOA / mo$78.33$78.33$78.33
Total monthly$2,257.10$2,630.35$3,573.70
Cash to close$98,757$48,990$48,990