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$288,009$288,009$314,910
Remaining term (yrs)26.526.530.0
Secondary amount$0$26,901$0
Funding fee$1,440$1,440$0
Note rate6.540%6.540%7.400%
Blended rate6.540%6.750%7.640%
1st payment$1,904.10$1,904.10$2,180.37
2nd payment$0.00$201.76$0.00
Taxes / mo$104.50$104.50$104.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.98
HOA / mo$56.67$56.67$56.67
Total monthly$2,215.27$2,417.03$2,554.53
Cash to close$61,891$34,990$34,990