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$247,543$247,543$360,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$112,457$0
Funding fee$1,238$1,238$0
Note rate3.060%3.060%7.400%
Blended rate3.060%4.603%7.640%
1st payment$1,189.57$1,189.57$2,492.57
2nd payment$0.00$749.71$0.00
Taxes / mo$134.33$134.33$134.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$68.25$68.25$68.25
Total monthly$1,542.15$2,291.87$2,917.15
Cash to close$152,457$40,000$40,000