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$245,919$245,919$621,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$375,081$0
Funding fee$1,230$1,230$0
Note rate3.720%3.720%7.400%
Blended rate3.720%6.154%7.640%
1st payment$1,309.34$1,309.34$4,299.68
2nd payment$0.00$2,422.40$0.00
Taxes / mo$267.42$267.42$267.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$124.20
HOA / mo$125.00$125.00$125.00
Total monthly$1,868.42$4,290.82$4,982.96
Cash to close$444,081$69,000$69,000