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$302,585$302,585$315,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$29,915$0
Funding fee$1,513$1,513$0
Note rate6.810%6.810%7.400%
Blended rate6.810%7.266%7.640%
1st payment$2,062.06$2,062.06$2,181.00
2nd payment$0.00$296.04$0.00
Taxes / mo$79.42$79.42$79.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$330.00$330.00$330.00
Total monthly$2,621.48$2,917.51$2,803.41
Cash to close$47,415$17,500$35,000