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$387,250$387,250$395,100
Remaining term (yrs)25.725.730.0
Secondary amount$0$29,800$0
Funding fee$1,936$1,936$0
Note rate3.180%3.180%7.400%
Blended rate3.180%3.801%7.640%
1st payment$1,833.34$1,833.34$2,735.59
2nd payment$0.00$294.90$0.00
Taxes / mo$189.33$189.33$189.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.02
HOA / mo$53.00$53.00$53.00
Total monthly$2,225.67$2,520.57$3,206.95
Cash to close$51,750$21,950$43,900