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$229,300$229,300$269,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$39,800$0
Funding fee$1,147$1,147$0
Note rate2.250%2.250%7.400%
Blended rate2.250%3.248%7.640%
1st payment$990.25$990.25$1,863.19
2nd payment$0.00$298.50$0.00
Taxes / mo$121.50$121.50$121.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.82
HOA / mo$170.00$170.00$170.00
Total monthly$1,431.75$1,730.24$2,358.51
Cash to close$69,700$29,900$29,900