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$321,199$321,199$427,500
Remaining term (yrs)28.328.330.0
Secondary amount$0$106,301$0
Funding fee$1,606$1,606$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.873%7.640%
1st payment$2,067.49$2,067.49$2,959.92
2nd payment$0.00$708.67$0.00
Taxes / mo$156.83$156.83$156.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$121.00$121.00$121.00
Total monthly$2,511.99$3,220.67$3,489.92
Cash to close$153,801$47,500$47,500