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$246,603$246,603$472,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$225,897$0
Funding fee$1,233$1,233$0
Note rate3.470%3.470%7.400%
Blended rate3.470%5.516%7.640%
1st payment$1,271.43$1,271.43$3,271.49
2nd payment$0.00$1,458.92$0.00
Taxes / mo$178.33$178.33$178.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$108.33$108.33$108.33
Total monthly$1,724.76$3,183.68$3,819.32
Cash to close$278,397$52,500$52,500