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$279,861$279,861$351,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$71,139$0
Funding fee$1,399$1,399$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.272%7.640%
1st payment$1,328.54$1,328.54$2,430.25
2nd payment$0.00$533.54$0.00
Taxes / mo$165.32$165.32$165.32
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.20
HOA / mo$125.00$125.00$125.00
Total monthly$1,768.86$2,302.40$2,940.77
Cash to close$110,139$39,000$39,000