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$301,777$301,777$494,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$192,323$0
Funding fee$1,509$1,509$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.922%7.640%
1st payment$1,434.52$1,434.52$3,421.05
2nd payment$0.00$1,282.15$0.00
Taxes / mo$157.17$157.17$157.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.82
HOA / mo$110.00$110.00$110.00
Total monthly$1,868.35$3,150.50$3,953.70
Cash to close$247,223$54,900$54,900