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$280,013$280,013$303,300
Remaining term (yrs)25.525.530.0
Secondary amount$0$40,137$0
Funding fee$1,400$1,400$0
Note rate4.170%4.170%7.400%
Blended rate4.170%5.136%7.640%
1st payment$1,482.27$1,482.27$2,099.99
2nd payment$0.00$397.19$0.00
Taxes / mo$97.75$97.75$97.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.66
HOA / mo$0.00$0.00$0.00
Total monthly$1,730.02$2,127.20$2,408.40
Cash to close$56,987$16,850$33,700