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$314,241$314,241$332,100
Remaining term (yrs)27.427.430.0
Secondary amount$0$36,309$0
Funding fee$1,571$1,571$0
Note rate6.640%6.640%7.400%
Blended rate6.640%7.182%7.640%
1st payment$2,074.62$2,074.62$2,299.39
2nd payment$0.00$359.31$0.00
Taxes / mo$115.08$115.08$115.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.42
HOA / mo$320.00$320.00$320.00
Total monthly$2,659.70$3,019.01$2,950.90
Cash to close$54,759$18,450$36,900