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$257,480$257,480$297,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$39,520$0
Funding fee$1,287$1,287$0
Note rate2.840%2.840%7.400%
Blended rate2.840%3.660%7.640%
1st payment$1,196.94$1,196.94$2,056.37
2nd payment$0.00$296.40$0.00
Taxes / mo$88.08$88.08$88.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.40
HOA / mo$2.08$2.08$2.08
Total monthly$1,437.11$1,733.50$2,355.93
Cash to close$72,520$33,000$33,000