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$281,301$281,301$332,100
Remaining term (yrs)28.028.030.0
Secondary amount$0$50,799$0
Funding fee$1,407$1,407$0
Note rate6.850%6.850%7.400%
Blended rate6.850%7.179%7.640%
1st payment$1,882.19$1,882.19$2,299.39
2nd payment$0.00$380.99$0.00
Taxes / mo$102.67$102.67$102.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.42
HOA / mo$85.00$85.00$85.00
Total monthly$2,219.85$2,600.85$2,703.48
Cash to close$87,699$36,900$36,900