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$238,500$238,500$288,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$49,500$0
Funding fee$1,193$1,193$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.089%7.640%
1st payment$1,127.28$1,127.28$1,994.05
2nd payment$0.00$371.25$0.00
Taxes / mo$148.42$148.42$148.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,425.70$1,796.94$2,350.07
Cash to close$81,500$32,000$32,000