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$316,690$316,690$333,000
Remaining term (yrs)27.027.030.0
Secondary amount$0$34,810$0
Funding fee$1,583$1,583$0
Note rate7.070%7.070%7.400%
Blended rate7.070%7.546%7.640%
1st payment$2,190.46$2,190.46$2,305.62
2nd payment$0.00$344.47$0.00
Taxes / mo$5.33$5.33$5.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.60
HOA / mo$61.00$61.00$61.00
Total monthly$2,406.80$2,751.27$2,588.56
Cash to close$53,310$18,500$37,000