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$308,562$308,562$332,910
Remaining term (yrs)26.826.830.0
Secondary amount$0$42,843$0
Funding fee$1,543$1,543$0
Note rate6.710%6.710%7.400%
Blended rate6.710%7.340%7.640%
1st payment$2,066.62$2,066.62$2,305.00
2nd payment$0.00$423.97$0.00
Taxes / mo$134.42$134.42$134.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.58
HOA / mo$77.00$77.00$77.00
Total monthly$2,428.04$2,852.00$2,733.00
Cash to close$61,338$18,495$36,990