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$241,873$241,873$310,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$68,627$0
Funding fee$1,209$1,209$0
Note rate2.950%2.950%7.400%
Blended rate2.950%4.287%7.640%
1st payment$1,148.51$1,148.51$2,149.84
2nd payment$0.00$514.70$0.00
Taxes / mo$244.58$244.58$244.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$285.33$285.33$285.33
Total monthly$1,828.42$2,343.12$2,891.85
Cash to close$103,127$34,500$34,500