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$260,948$260,948$355,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$94,552$0
Funding fee$1,305$1,305$0
Note rate4.170%4.170%7.400%
Blended rate4.170%5.455%7.640%
1st payment$1,381.35$1,381.35$2,461.41
2nd payment$0.00$709.14$0.00
Taxes / mo$155.00$155.00$155.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$98.00$98.00$98.00
Total monthly$1,784.35$2,493.48$2,935.51
Cash to close$134,052$39,500$39,500